This rally has established a reliable pattern with a sizeable rally after most single down days. As well, it’s rallied after green hammers along the trendline that reliably last 10days four times, then down for between 5 and 8 before another rally.
Current position is 6/21 calls at $10 strike. Cost is .50 per contract. Currently up fifty percent as of 1040am 4/12. Looking to hold this through the next up and down, watching for confirmation. Directly after cashing out this option I’ll look for the green hammer if it bumps the trendline again and likely buy another conservative call at that point. This sector is very much alive right now. If the dollar is strong we'll see good things happen.
Current position is 6/21 calls at $10 strike. Cost is .50 per contract. Currently up fifty percent as of 1040am 4/12. Looking to hold this through the next up and down, watching for confirmation. Directly after cashing out this option I’ll look for the green hammer if it bumps the trendline again and likely buy another conservative call at that point. This sector is very much alive right now. If the dollar is strong we'll see good things happen.