I'm looking for at least $30 in my case I need at least $30.10 for a call I made. My call closes Sept and it didn't take long to near my goal. The fear of yield curve inversion is legitimate but nothing is as quick and basing previous experiences on one indicator (which could be skewed based on current events: China, Brexit, the Fed etc..)
Most of the times from what I've gathered inversion brings about ATH's at least within the year. HOLD and try and play the game if you're down. I might consider a short position soon.
Most of the times from what I've gathered inversion brings about ATH's at least within the year. HOLD and try and play the game if you're down. I might consider a short position soon.
Comment:
Seems some fears are abating and there's still a bit of momentum to carry this upwards. Bouncing around the fib line on the hourly, ADX and DI showing positive strength still with MACD crossing upwards on the hourly as well. Keeping an eye on this. Not looking to sell at $30 I actually want to exercise as I am long on BAC and looking for a larger position for Dividend Income.
Trade closed: target reached:
Looks like my call is being hit at $30 and above ahead of earnings and based off good news from those banks that have already released earnings and beat analyst estimates. Looking good. Will hold my contracts a little longer for maximum gains going into the 16th earnings report. I'm expecting similar news from BAC who has been solid this year.