If we have a pull back, $43 would be a great support to buy on the hourly chart.
In the meantime, buying off the 50 day EMA on the hourly time frame would be a great idea.
Here is the hourly chart: https://www.tradingview.com/x/NAKGhuKg/
In the meantime, buying off the 50 day EMA on the hourly time frame would be a great idea.
Here is the hourly chart: https://www.tradingview.com/x/NAKGhuKg/
Trade active
Currently long 200 shares with Feb $46 and $50 covered calls. Also, in a LCD (Leap Call Diagonal) with the short call being the Feb $43 strike.Note
WOW I hope some of you picked up some shares or calls on today's bounce off $43!!!Note
If we close below the candle on January 30, look for a move to the 20 day ema then the 50 day ema for a bounce.Still holding 200 shares with $46 and $50 covered calls for Feb 16 expiry.
Note
And the LCD. Max profit is at $43 so if we can bounce back after moving down further, if we do, that would be ideal before rolling the short call to the next month.
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Buy higher and sell higher, and manage your risk to make more than you lose!!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.