SMA50 as support
Long 61.5
Stop 50
Target 75
next Earning 01/30/2024
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2024 Jun Call spread C65/75
Limit 2.96
SellToOpen 2024 Jun Put P50 (Delta -0.17)
Limit 1.92
Cost 1.04, if price stays between 50 and 65, max loss 1.04 x $100.
Stop below 50, max loss about $4.0 x100.