Weekly downtrend wedge bottom line
Huge volume near the turning point
RSI Divergence
OBV>OBV20 (weekly OBV SMA20)
Entry 1.3
Stop 0.8
Target 4.6
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Huge volume near the turning point
RSI Divergence
OBV>OBV20 (weekly OBV SMA20)
Entry 1.3
Stop 0.8
Target 4.6
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active:
BuyToOpen (BTO) 2022 C1.5 0.45x10
No Stop
Prepare to Sell C3 or above
No Stop
Prepare to Sell C3 or above
Trade active:
Today, I Found 2023 Jan 5 Call, 5.5 call and 7.5 Call could be sold at good price,
Buy 2023 C1 0.75x10
C1.5 0.65x1 -- only one contact filled
Sell C5 0.4x5
C5.5 0.35x1 -- only one contact filled
C7.5 0.3x5
To reduce the cost in one stock, I sold 2022 Jan 5.5 Call 0.15x10
The avg of all above,
2022 C1.5/5.5 and 2023 C1/C5 hold $4 call spread with cost 0.3,
Plus: 2023 C1 has 0.2 ITM value today.
Buy 2023 C1 0.75x10
C1.5 0.65x1 -- only one contact filled
Sell C5 0.4x5
C5.5 0.35x1 -- only one contact filled
C7.5 0.3x5
To reduce the cost in one stock, I sold 2022 Jan 5.5 Call 0.15x10
The avg of all above,
2022 C1.5/5.5 and 2023 C1/C5 hold $4 call spread with cost 0.3,
Plus: 2023 C1 has 0.2 ITM value today.
Trade active:
one more limit order had been filled.
bought 230120C1.5 0.6x5
Sold 230120C5 0.4x5
Combined is C1.5/5, cost 0.2x5.
bought 230120C1.5 0.6x5
Sold 230120C5 0.4x5
Combined is C1.5/5, cost 0.2x5.