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chiefwils0n
May 4, 2021 5:55 PM

Targeting $250 on Market Fear Long

Block, Inc.NYSE

Description

Greetings All,

I"m very short-term bullish on SQ with at $250 Target, based upon Support / Resistance and the 2H RSI being oversold. I opened a 240/242.5 Call Debit Spread this afternoon. Be careful with earnings, since IV tends to drop on after the release. SQ may drop further to $217, and then $203. I'm LONG at both price points.

Happy Trading!
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