SPX 0dte Option Income Trading (Every Monday, Wednesday, Friday)
💡 SPX July 23’21 4390/4400 Bear Call Spread
$105 | Premium Received (per contract)
$405 | Buying Power Required (per contract)
76% | Probability of Profit (at entry)
10:14 AM | Time of Entry
💸 WHAT IS 0DTE TRADING?
The Chicago Board Options Exchange (Cboe) lists weekly...
My new big pick is Odonate Therapeutics Inc (NASDAQ: ODT). The stock made an awesome move yesterday breaking out of a major resistance line with volume backed confirmation. I went long at $3.85 as it's quite possible we should see a short term move near $4.97/share. The technical chart shows a bullish sign with %K line on top of %D line and MACD rising....
Following feedback from the U.S. Food and Drug Administration (FDA) in a pre-New Drug Application meeting, Odonate Therapeutics, Inc. (NASDAQ: ODT) has concluded that the clinical data package for tesetaxel is unlikely to support FDA approval. Therefore, Odonate is discontinuing the development of tesetaxel and will wind down the operations of the Company.
I found this pattern at tickeron website with the following data:
STATUS = Confirmed
CURRENT CONFIDENCE = 77%
TARGET (EXIT) PRICE = 12.74 USD
BREAKOUT (ENTRY) PRICE = 14.89 USD
DISTANCE TO TARGET PRICE = 4.89%
EMERGED ON = Sep 14, 08:00 AM (EDT)
CONFIRMED ON = Sep 17, 09:40 AM (EDT)
WITH CONFIDENCE LEVEL = 84%
The Inverted Cup-and-Handle (sometimes called...