Hilton had a quick and strong run up the past month. At some point it needs to come for a retest. And I believe that could be near. As a result, I want to jump on this opportunity before the majority starts shorting the stock. I will get in early for a better premium, and will get our early, before a turn around.
I like to look at higher time frames, identify important levels, analyze the the probabilities, enter on shorter time frames, and simply just execute my plan. Risk to reward is important as it allows me to be wrong more times that when im right, and still make money. Risk management is key.
Best of luck.
#options - end of December expiry
Trade closed: stop reached
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MAR and HLT trades were moving very similar. both positions got close to target and reversed. They will expire worthless tomorrow on Friday.
Trade active
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Mistake on expiry date. Trade is still active until end of December. We still got time