Long

WMT long setup for earnings

Updated

With earnings coming up November 17th and suspected earnings run up I will be taking a short leap call soon. Looing for a good entry but with election and head lines just trying to be cautious. Wouldn't be the least bit surprised if WMT sets ATH in the next few weeks. Currently siting right at the pivot point and .5 retracement.

Note

So I am in WMT 11/6 145 calls @ 1.68 AVG price for although I did not to do a same week expiration as a I stated I think the market is unstable. Some very bullish candles at the end of the day with a large move up. Need to break above the 200 DMA in my opinion and should fil the gap from open. Feel like this was a good entry and sitting at 5.83% green at the close today.

Note

closed this out........dont recall the exact percentage I believe it was about 12%

HJMthe3rd

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