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TL-Trading-Main
Jul 8, 2020 5:12 PM

Wells Fargo Long

Wells Fargo & CompanyNYSE

Description

Easy Stop loss. Good Profit targets.
Comments
swatbearcat
strike and expiry wsb rules you know im too dumb to even know if your shorting or going long
TL-Trading-Main
@swatbearcat, lmao going long. between the ranges 23.08 and 22.53. If you are buying stocks, then your stop loss is slightly below 22.0. If you are using options to go long, When it hits 23.08 or 22.53 depending on your risk tolerance you can either buy slightly OTM calls but expiration 1-3 months out. if it goes to 22 then you sell those calls. You shouldn't lose more than 2% on any trade. The red are profit targets. If you have multiple options contract you sell partial position at red levels. Once you take 3 profit targets out look for shorts.
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