MAC Long Long

Macerich Company (The)NYSE

Description

⋅ Feb 4, 2021 3:35 PM

Uptrend, EMA55/144 as support Zone
Hook reversal candle

Entry 13.5
Stop 10
Target 24

I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.

Trade active

⋅ Feb 4, 2021 3:37 PM

Option trade:
Buy Sep Call 12C/30C, limit 3.15,
Delta=0.44 Theta = 0.00
Stop below 10

12C has $2 ITM value already.

Trade closed manually

⋅ Feb 26, 2021 6:51 PM

Closed 3.35; make even.

Moving Averages

Comments

tenqqq

⋅ Feb 4, 2021 5:13 PM

I'd like to believe this is a good entry point and I do bought some call as well, although the down trend has not ended yet based on MACD