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PlanTradePlanMM
Jan 22, 2021 8:34 PM

WFC Long Long

Wells Fargo & CompanyNYSE

Description

EMA50 Crossed EMA200, Start of Uptrend

Entry 32
Stop 29
Target 40

1/15/2021 Good Earning, Price down.

I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.

Trade active

Option trade:
Buy 2021 JUN Call Spread 35/40, limit 1.05,
Delta=0.20 Theta = 0.00
Stop 29

C35 Delta=0.39,

Trade closed manually

Closed 1.25 MAKE even.
Comments
Mandla80
Please can you check euraud 30 minutes chart
PlanTradePlanMM
@Mandla80, Thanks. I use monthly, weekly, daily charts to trade options for big impulse range. I scan 600 optionable stocks, I get more than 20 candidates every day. I trade OTM options, Delta is low. Small up/down inside stop buffer is acceptable in my plan. Last year, I analyzed some new IPO stocks in 15 min. I would not do that any more.
jonwayne02
I like it!
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