Entered this Long Term Trade for 2.30/contract, since it completed a Long Term Breakout on a great percentage gain of more than 5%.
I will hold onto this trade until it is either close to max profit of 2.70/contract, which would yield 117% in about 15 months, or until the debit spread is cut in half.
First level of resistance is about $67 and after that $75.
Happy Trading
Lindosskier
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ROKU blew past the $67 level and now I am looking for the $75, as an important level of resistance.
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2nd Level of Resistance at $75, hit yesterday.
Next level is at $80. Considering closing my long term position at that point, since ROKU moved too much, too quick and it looks like it is losing momentum on a short term basis
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Sorry for the late update on this.
ROKU never made it up to $80, so I got stopped out at our previous Fib level at $75, when I sold my position.