Blue Owl Capital Bullish Call OptionsOptions Calls January 17th 2025 buying $20 call. Chance of profit 44.5% percent, delta 0.8718. The first price target for the stock is 15.08, the second is 15.43, the stop loss is 14.40. Risk to reward ratio is 2.12
Confirmation indicators: 3 Bullish Bar pattern, 2 bullish Volume spikes above its 20MA, Stochastic KD% bullish crossover, CRSI-Smothed SQZMOM Multi-Time-Frame is on the Upside, and the TRAMA Dragon is bullish too. The concern is that the DMI Reading shows no trend at the moment but that is probably because of the golden squeeze. This setup is already rolling and can break out any moment in the upside. The rest of the signals on the QQE MOD Indicator are bullish too.
