I posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out calls on this setup youd be up 400-700%. I did not play this setup this time around but have played GLD bull flags in the past and like to use them as a way to get standard investment exposure to the asset with higher upside, this is also more capitally efficient.
-For example a June 21st 2024 call was 300-450$ in that timeframe in March, these are now worth 1320$
-This was my same strategy for OXY longer-term calls
-For example a June 21st 2024 call was 300-450$ in that timeframe in March, these are now worth 1320$
-This was my same strategy for OXY longer-term calls