On Friday 8/17/2018- I bought a verticle spread 150 call and I sold the 155 call. This strategy makes money by having the stock price stay above 150.00 per share + (how much I paid for it). I paid 3.05 for the vertical call and that means the stock needs to stay above 153.05 by December and I can make $195.00 best case scenario. As with all trades, I don't ever hold my trades till expiration as I like to book my profits and then reinvest them. As I am looking for HON to go up to 165$ within 3-5 weeks, I invest 305 dollars and plan to make 115 dollars when the stock price goes to $164. This return would be approximately 37% within 3-5 weeks or earlier. The trade in terms of strength looks good, as HON has held a support 3 times in a row, and recently made a smaller high and potentially a higher low which could be happening right now. The RSI
has recovered and looks to gain momentum above 50. With and AB-CD
pattern, this stock would make a new high above 165.00 per share.