$PYPL ~ PAYPAL ~ LONG SETUP USING CALLS ~ #OptionsTradingMETHOD: Long PAYPAL {price at entry 104.93} via:
+2 PYPL 20 DEC 19 102 CALL @3.40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
The Fisher Transform bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
STOP is price < 102
TGT 108 to exit
Trail option price to Break Even once stock price > 106; OR consider scaling as green cloud becomes large
We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
B3
d^.^b
