Decent earnings, still above 70 RSI, watch for a slight dip on monday but as long as it holds $550 support, I think it should continue to trade in this range and up. 2/19/21, 460/450 put spread @2.70 hoping to swing for a few weeks. Looking for a $1.60 exit.
WFC is in a long-term downtrend, but wants to reverse course. There is a resistance around the $24 area that has held except in mid May when WFC made its 52-week low at $22 and then bounced quickly back the next day to close at $24. I'm going to sell a Bullish Put Spread at the 22.50-20.00 strikes. Since we are in a downtrend I'm going to play it safe and I'm not...
