Is it worth it? Let me WORK it.
Updated
I put my thing down flip it and reverse it.
The last two Extreme Turn signals have provided short term opportunities to trade around our core long
WORK position. We have longer dated call stupids at the 33, 40, and 45 strikes in Oct. Shorter term we leg into diagonals or calendars or add to the position when we get signals. Both occurred in a very short time frame over the past two sessions.
Today we added to Oct 33 and 40 Calls and covered the short Jul 35C.
The Extreme Turn uses a combination of RSI and ADX to determine OB/OS conditions in combination with exhausting momentum.
The last two Extreme Turn signals have provided short term opportunities to trade around our core long
WORK position. We have longer dated call stupids at the 33, 40, and 45 strikes in Oct. Shorter term we leg into diagonals or calendars or add to the position when we get signals. Both occurred in a very short time frame over the past two sessions. Today we added to Oct 33 and 40 Calls and covered the short Jul 35C.
The Extreme Turn uses a combination of RSI and ADX to determine OB/OS conditions in combination with exhausting momentum.
Trade active
Exited 10% of 33C today for a great fill at $4.5. Holding core targeting break above $40.Trade active
Adding to Oct 33C at $3Trade active
Adding to OCT 33 Calls at 2.25 today. Another extreme turn on 30mTrade active
Plan to scale 25% of position OCT 33C today on move to $35 in WORK.
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