@MarkeyJ, You got a good entry the rest of the week should be a good ride.
thomasp713
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Looks like you were right in the very short term. It is time again for a bull trade
philli1025
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you see a q4 breakout? support is strong for anything below 80 for xbi and it's been a 1.5 year symmetrical triangle in the making.
HeidingOut
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What options would you look at for Labu?
AwesomeAvani
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@HeidingOut, my suggestion ( also based on what I have ) is an expiration of August 18th striking $5.50; This went up 300% in the past couple of days . If at all possible you buy it at the low of day. An alternative if you envision a longer trend and want a longer option is expiring September 1st striking $6.00 This went up 60% in the past couple of days. I close before expiration to avoid time decay. Specifically, the shorter one on the morning of the 17th and the longer one on the 28th. I take partials with a 100% return taking off half the position as reisk managment for sudden reversals which of course LABU is prone to as a leveraged ETF. I hope that is helpful DYODD. Like and follow ! would be