PCG Pacific Gas and Electric Company: Trading Idea

90

XLE Energy sector has been on fire! Keeping an eye on PCG waiting for entry and possibly pullback before I consider the trade.


- [ ] PCG 2/20 18.5c, .11-.13, 1.1K OI / 20.2K VOL, .30 Delta / -.03 Theta
- [ ] PCG 3/20 20c, .10-.13, 1.2K OI / 215 VOL, .15 Delta / -.01 Theta
- [ ] PCG 4/17 19c, .51-.60, 11K OI / 284 VOL, .39 Delta / -.01 Theta


- Daily:
- Entry above: $18.21
- Targets:
- Stop loss
- RSI 79
- Stage 2 of the money flow

- Weekly:
- Entry above: $18.21
- Targets: $18.42, $18.76, $19.12, $19.44
- Stop loss below: $17.98
- Higher highs and higher lows
- Long bullish 2u candle closed on Friday
- Price is in stage 2 of the money flow
- Monthly:
- 2u candle
- Sector: XLE - Stage 2 of the money flow

“Personal experiences only. Not financial advice

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