We've got a great risk to reward trade with $F right here! It's sitting at the bottom of the channel, right ontop of a large volume shelf. We should gradually make our way up the channel over the coming days.
I grabbed some 12/17 20Cs for 0.53, with a stop slightly underneath in the event we drop to the downside.
I grabbed some 12/17 20Cs for 0.53, with a stop slightly underneath in the event we drop to the downside.
Trade closed: stop reached:
Setup invalidated, channel didn't hold, nor did the volume shelf.
Trade active:
Re entered my position this morning once we got back into the channel.