THIS MORNING WE ARE WAITING FOR THE 30 MINUTE RANGE TO SET UP.
IF THE 30 MINUTE LOW HOLDS...WE BUY 292 CALLS
IF THE 30 MINUTE LOW BREAKS...WE BUY 286 PUTS IF VWAP HOLDS NEXT HIGH
THE KEY FOR DIRECTION FOR THIS WEEK WILL BE MONDAY CLOSE VS. MONDAY OPEN (MOP)
IF THE 30 MINUTE LOW HOLDS...WE BUY 292 CALLS
IF THE 30 MINUTE LOW BREAKS...WE BUY 286 PUTS IF VWAP HOLDS NEXT HIGH
THE KEY FOR DIRECTION FOR THIS WEEK WILL BE MONDAY CLOSE VS. MONDAY OPEN (MOP)
Trade active:
WE BOUGHT THE OCT 16TH 292 CALLS@$2.30 WITH A MINIMUM ROI TARGET OF 100% = $4.60. RIGHT NOW THE 292 CALLS HAVE A HIGH TODAY OF $5.90.
WE HAVE AN OCO W (200% ROI)
SELL STOP $4.60 (100% ROI)
THE QQQ SHOULD MOVE HIGHER TOMORROW, BUT WE ARE CAUTIOUS FOR AT LEAST 1 GOOD DIP THIS WEEK.
MOP TRADE HAS HIGH PROBABILITY% THAT THURSDAY OR FRIDAY WILL BE THE HIGH DAY FOR THIS WEEK'S RANGE.
WE HAVE AN OCO W (200% ROI)
SELL STOP $4.60 (100% ROI)
THE QQQ SHOULD MOVE HIGHER TOMORROW, BUT WE ARE CAUTIOUS FOR AT LEAST 1 GOOD DIP THIS WEEK.
MOP TRADE HAS HIGH PROBABILITY% THAT THURSDAY OR FRIDAY WILL BE THE HIGH DAY FOR THIS WEEK'S RANGE.
Trade closed: target reached:
OUR LIMIT FILLED SELLING OUR ENTIRE POSITION OF 292 CALLS @ $6.90. FEELS LIKE MARCH 2020 TODAY WITH THIS PREMIUM BEING ADDED INTO OPTION VALUES TODAY.
OUR TRADE MADE 200% ROI
NEXT TRADE SET UP WILL BE TUESDAY
OUR TRADE MADE 200% ROI
NEXT TRADE SET UP WILL BE TUESDAY