11/19 - OPTION PLAY *Queued, 2 contracts* NE 11/23 4.50 CALL dip buy 0.09 (0.10) IV 63.29% Volume 509 Open Interest 529 sell at 0.21 share price 4.65
I'm hoping for a play here. If i crash and burn, at least i made the jump. Why do i have faith in NE right now? #1 MACD about to cross north #2 RSI is basically at an oversold point #3 $4.50 is very close to current closing price #4 The $4.37 support line has been tested many times over the last 10ish days and is prepared to make a move. I just hope it moves north.
*Let's see what happens!*
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So far this has absolutely not worked out. But I gotta keep the faith. That being said, my target is $4.65. If it was to get there, it would have to make a 12.8% run (currently $4.12). That's a tough sell, but I felt I had to make the play; the indicators said as much. We'll see how it goes...
@ToInfinityAnd, i got blasted out of this play, big loss and it completely went in the opposite direction. Sometimes they work, sometimes they don't. On to the next trade. Thank you for commenting! I really appreciate it.