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MailBoxSteve
Jun 14, 2021 11:28 PM

UWMC Small Accumulation In Wedge, Looking At Option Straddle Long

UWM Holdings CorporationNYSE

Description

Looking at the picture I see a small Accumulation to the upside. Even If I am wrong and we see a dip from the wedge I will be playing straddle options tomorrow on the weekly's depending on how premarket movement goes. Straddle at current price right now, if underlying hits $10.50 that would be close to 100% profits.
Comments
abeans1
what to do about this position now?
MailBoxSteve
@abeans1, been out pf town since monday. Ill be back in town this afternoon and will look at the chart when i get back and ill update my outlook :)

Been wanting to pick up more UWMC for the long term, so personally i hope it falls a little more but ill do some TA little later
jonschroeder1
Well that was fun this morning!
MailBoxSteve
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