Loved the bounce and these hourly steps look like the starting stage of parabolic steps. We had a nice base put in and then BA pushed higher and consolidated on Step 1. We caught this setup early and took the 01/21/21 270C's on Thursday last week after seeing $7.5 Million hit the 01/21/22 290/295C's on our option flow scanner. Looking for advancement to step 2 and possibly step 3 this week. Pattern would be invalidated on a retracement below previous step.
Looks good here and makes sense after the bounce from bottom of the long term channel.
$BA $BA #Options #Investing #Stocktowatch
Looks good here and makes sense after the bounce from bottom of the long term channel.
$BA $BA #Options #Investing #Stocktowatch
Trade closed: stop reached