Not currently in this trade but will be entering Monday. Stop loss $118. I will update if filled.
Trade Entry
Jan. 31 expiry. Put Credit Spread. $2.60 credit or more. Max loss $240. Max gain $260.
Total probability of profit on this trade is only 56%. Low. EMA Cross, 10WeekMA cross, and earnings are reasons for entry.
Close before expiry at 50% profit or greater. Looking to exit after earnings. If earnings are positive and no price spike, hold while collecting theta and waiting for price spike.
Chart Details
Chart is almost entirely bullish.
Weekly trend about to turn bullish. There is positive price action every time this happens.
Bullish EMA cross and bullish 10WeekMA cross are very close at $125.
Options entry above takes advantage of moving average price crosses and earnings combo.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish
Trade Entry
Jan. 31 expiry. Put Credit Spread. $2.60 credit or more. Max loss $240. Max gain $260.
Total probability of profit on this trade is only 56%. Low. EMA Cross, 10WeekMA cross, and earnings are reasons for entry.
Close before expiry at 50% profit or greater. Looking to exit after earnings. If earnings are positive and no price spike, hold while collecting theta and waiting for price spike.
Chart Details
Chart is almost entirely bullish.
Weekly trend about to turn bullish. There is positive price action every time this happens.
Bullish EMA cross and bullish 10WeekMA cross are very close at $125.
Options entry above takes advantage of moving average price crosses and earnings combo.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish