As stated in a previous chart (linked) - You can buy calls here with a stop below 85 for a low risk swing trade. look for bullish candle patterns and buying volume on 15-30-60 min timeframes.
Otherwise you can switch to puts down to 80, first target.
bought weekly 190 calls at 2.85
Check hourly chart for %K to get over 50, then RSI should follow if buying momentum picks up.
Partial exit at $2.53, I had a tight stop on 2/3 of position to preserve capital.
A great daily candle, still holding 1/3 of my calls. lets see if we get more buyers tomorrow.
Trade closed manually:
I typed wrong strike in my trade note above. I bought weekly 90 calls at $2.85 and sold the remaining 1/3 today for $6
@RobFlorio, Since I buy and sell options with the goal of making weekly income, I am looking at good setups for calls and puts. I am looking for a general market bounce over the next few weeks, and eventually more downside over coming months.