Good day folks,
Today, I will open a small call position in DIA. This is a highly speculative trade as no breakout as occurred yet, however it makes the potential return very interesting as the option price is low. Also, the risk is limited as the candles are sitting close to the bottom line of the symmetrical triangle, so exiting the trade can be done fast if the momentum is broken (bottom line of the triangle).
I believe that DJI will breakout to the upside as it did last time (see the chart, I made 200% profit mainly because I bought early).
I will buy a small position of CALL DIA 2018APR06 252.00 at a price of maximum/around $2.00. If 258 is reached, this trade would pay me over 200%.
*I may increase my position if a breakout occurs (next Monday or Tuesday).
**I put a Head & Shoulder Pattern on my chart; it doesn’t mean that we are going to see one materialize, but I’m keeping an eye on it. So as long as this pattern makes sense, we cannot really short until the neck is broken at 246-247.
Have a nice weekend,
Today, I will open a small call position in DIA. This is a highly speculative trade as no breakout as occurred yet, however it makes the potential return very interesting as the option price is low. Also, the risk is limited as the candles are sitting close to the bottom line of the symmetrical triangle, so exiting the trade can be done fast if the momentum is broken (bottom line of the triangle).
I believe that DJI will breakout to the upside as it did last time (see the chart, I made 200% profit mainly because I bought early).
I will buy a small position of CALL DIA 2018APR06 252.00 at a price of maximum/around $2.00. If 258 is reached, this trade would pay me over 200%.
*I may increase my position if a breakout occurs (next Monday or Tuesday).
**I put a Head & Shoulder Pattern on my chart; it doesn’t mean that we are going to see one materialize, but I’m keeping an eye on it. So as long as this pattern makes sense, we cannot really short until the neck is broken at 246-247.
Have a nice weekend,
Trade closed: stop reached