TXMD: CHEAP optionable stock that could change your life...
Traders, as I speak, this is possibly one of THE cheapest optionable stocks you can find that is worthy of investment...
Why?
TXMD seems to be a small cap that is extremely cheap and MOST IMPORTANTLY you can buy options on this stock. Currently TXMD sits in a position where it's hard to find a stock at: in a Wyckoff Goldilocks zone of investment...
If you study the Wyckoff method, THE place to enter a stock long during an accumulation phase is what is referred to as the "SOS" or Sign of Strength. An SOS is always reinforced by large volume. So large in fact, that it is much bigger than the rest of the trading range. This is how we know that institutional investment has entered and we are ready to move into a markup stage.
While further small retracement is a possibility as a likely continuation pattern plays out in the coming weeks, the fact is that the markup stage WILL follow and it will take this stock up and out of this trading range entirely. THIS is the perfect time to invest.
As of tonight, Jun 18th call options in the $3 strike range are at 0.78, which is a decent value. But we also have Sept 17th call options at 3.5 and $4 strikes at 0.88 and 0.75 respectively, which gives us a better Theta for time decay and allows the likely continuation pattern to play out.
Keep in mind that the continuation pattern could just end up being a quick and swift localized retrace instead of a full on pattern playing out. Sometimes when a stock moves, it moves fast and doesn't slow down for patterns to even develop.
This is an amazing setup no matter which way you look at it. Call options are the way to go with this, but a pure stock buy and hold is also a great strategy.
Why?
TXMD seems to be a small cap that is extremely cheap and MOST IMPORTANTLY you can buy options on this stock. Currently TXMD sits in a position where it's hard to find a stock at: in a Wyckoff Goldilocks zone of investment...
If you study the Wyckoff method, THE place to enter a stock long during an accumulation phase is what is referred to as the "SOS" or Sign of Strength. An SOS is always reinforced by large volume. So large in fact, that it is much bigger than the rest of the trading range. This is how we know that institutional investment has entered and we are ready to move into a markup stage.
While further small retracement is a possibility as a likely continuation pattern plays out in the coming weeks, the fact is that the markup stage WILL follow and it will take this stock up and out of this trading range entirely. THIS is the perfect time to invest.
As of tonight, Jun 18th call options in the $3 strike range are at 0.78, which is a decent value. But we also have Sept 17th call options at 3.5 and $4 strikes at 0.88 and 0.75 respectively, which gives us a better Theta for time decay and allows the likely continuation pattern to play out.
Keep in mind that the continuation pattern could just end up being a quick and swift localized retrace instead of a full on pattern playing out. Sometimes when a stock moves, it moves fast and doesn't slow down for patterns to even develop.
This is an amazing setup no matter which way you look at it. Call options are the way to go with this, but a pure stock buy and hold is also a great strategy.