OCEAN - Support (SL) Resistance (Targets)- JUST BULLISH "OPTION"RECENT TREND : Failing Wedge
EXPECT RETRACEMENT : Bullish / Once it breaks out from the FAILING WEDGE
POTENCIAL: 5x/10x LEVERAGE
RISK : 2%-3%
As i mention, this strategy is just an OPTION if market went BULLISH, im here to provide you ENTRY, RESISTANCE AND SUPPORT(STOP LOSS) possible levels
Have in mind that PIVOT Local Resistance and Support are FLEXIBLE and are made over time to the most recent.
Optiontrade
[FUBO] Iron Condor - the FuboTV Inc EVENT play
Another lazy trade for today, just an event play.
Very risky to holding neutral positions in uptrend, so literally just for a few days on table.
Event plays are usually a "trade and pray" strategy, so I'm not preferring (TastyTrader Bob and Tom like it, but I've sucked many times width them)
In current case I've decided to take the risk.
(1) MurreyMath distances
More than 5 MurreyMath fraction distance (5/8) for break even border, current price almost the middle of it.
I'm judged to secure area 2.5 fraction up, 2.5 fraction down.
(2) Nearest pivot points detecting danger area
Secure level upside is $54, downside: $30.
Inside this I can sleep well. Outside this I'm looking for any kind of minimal profitable exit point.
CONCLUSION: Iron Condor for today event
Buy 1 FUBO April16' 20 put Sell 1 FUBO April16' 25 put
Sell 1 FUBO April16' 60 call Buy 1 FUBO April16' 65 call
Expiry: 45 days
Take profit: after event at the first possible moment.
Risk management: I'm closing the trade immediately - if the daily bar closing outside my strikes - and I'm cutting my loss . (no matter what I'm believing)- usually I'm losing mutch less than my max profit in this case. Danger zone check every day.
Sprint is certainly sprinting for $9.00With the recent merge of Sprint and T-Mobile, we watched the stock pump 70% after-hours. Yesterday I decided I'd be a bit more patient with Sprints movement, only entering with a semi-small account at $8.28 (at time of publish, up $.4856 per share). I than used this to determine likely movement to today and decided to buy call a few hundred contracts with a strike of $9 by Feb. 14th, although I wasn't entering this trade thinking I'd stick around. Within about 2 hours I had reached my target and decided to pull out. Sprint looks like it most definitely can push above $9, waiting for the breakout of this bilateral triangle (meaning prices can dive either way). As I come to the end of writing this, I've decided to re-enter if we can breakout before the market closes.
DotcomJack
Please do your own research before investing. I am not providing financial advice nor am I a financial advisor.