OptionsRising
Long

DIS at weekly support, 86-87, check volume - low risk CALLS

NYSE:DIS   WALT DISNEY COMPANY (THE)
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.
Mar 18
Trade active: 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.
Mar 18
Trade active: Partial exit at $2.53, I had a tight stop on 2/3 of position to preserve capital.
Mar 18
Trade active: A great daily candle, still holding 1/3 of my calls. lets see if we get more buyers tomorrow.
Mar 19
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

Comments

Be careful of the IV... premiums can drop quickly and theta won’t be your friend in this VIX environment
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@BKro23, A good reminder! I hold very few options, if any, overnight.
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this is crazy i think we have more down side. bad news still more then good news everywhere. if we get that then biger buy opportunity.
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OptionsRising RobFlorio
@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.
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Made a lot of $ off this, thanks
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Good Job bro !!!
Thanks
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