0KCS trade ideas
Found multi year monthly support5,000 January 5 calls trade for $0.40, marking bottom here on monthly support.
Base Count reset to 1Breakout of downtrend with cup n handle formation. Buy Point $7.25 w/ volume. 4 base count puts it at $15.03
OPK low risk high reward play.consolidation at a very strong support at $6.40 range. This could be a very profitable play by adjusting our Stop Losses.
5.65 next?Downtrend intact. Failed back test from H&S breakdown. Reminds me of $GILD upon its breakdown from H&S. If long its a hold. If not in, I say delay purchase
Long OPK above 50day MAOnly about 62% gain needed to get back to December 2016 levels. 680 of Sept 7 calls traded today for $0.65. Trading moving averages, long while price > 50day MA
OPK- Write Covered Call (See Chart)UNDERLYING STOCK SYMBOL
Symbol: OPK
CURRENT PRICE: $6.39
PURCHASE PRICE: $6.39
NUM. SHARES: 500
TOTAL COST: $3,195
OPTION
BUY OR WRITE: WRITE
OPTION: 21ST JULY $8.00 CALL
PRICE PER OPTION: $ 0.08
CONTRACTS: 5 X 100
TOTAL COST: $40
The covered call involves writing a call option contract while holding an equivalent number of shares of the underlying stock. It is also commonly referred to as a "buy-write" if the stock and options are purchased at the same time.
