Grabbing CRWD long option at this level. Multiple factors are setting the stage for nice upside move here.
-Overextended W pattern retesting support -Holding the 50 EMA on the daily chart -Strong demand for this current stock
Targeting a 10/20% option move in the coming days/ weeks
We are allowing plenty of time for this trade to play out.
Good luck, lets catch those moves!
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Trade tapped stop loss, however didn't break and close any daily candles below. Still active.
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Tapped stop loss again, however based on our parameters, no daily open and close below that level. We are still riding this out through the inflation woes, as the market shakes this off, like it always does... This will continue higher.
Trade closed manually
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I dont love this anymore, taking out as much premium as possible here. Looking for new trades when market resolves itself.