NYSE:CNX   CNX Resources Corporation
155 views
5
Weekly Uptrend Consolidation
SMA 20/ 40 as support
OBV> OBV40

Entry 13.9
Stop 12
Target 27

Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active: BuyToOpen (BTO) 2022 Jan C17 limit 1.20
Delta 0.39
No Stop in this OP trade;
Prepare to sell OTM Call
Trade closed manually: Closed 1.35. small winner.

Comments

Hi, sorry for asking so many dumb questions, I'm trying to learn your option trading strategy. Is this also a spread call or just a naked one? Thanks.
Reply
@stk20153, just bought Call, if price will go up, prepare to sell offset call.
Reply
I feel this is a good entry point. Thanks for sharing.
Reply