Picked this up at recent low a few days ago - prbably not the best pick of bank stocks in hind sight ( see WBC)
but good enough follow through to make me less anxious of being exercised at expirey on 15 OCT.
sold 70 contracts ( 7000shares) Put OCT strike 5.75 ( European) for -0.115
buy 5.25 (...
BOQ is backed with a trend line and seems to follow it.
Price destination is clearly visible: it is 0.618 fib ret.
If something goes wrong there is a support level @ 0.382, put stop right under it.
RSI is positive.
-10 Year+ Symmetrical triangle (dubious without a launching pattern)
-Weekly 50/200 SMA pinch
-Weekly volume confirmation on primary pattern breakout
-7 Week symmetrical triangle launching pattern just outside the bounds of larger pattern
-Daily Bollinger band squeeze and expansion
30 basis points
Trend follow model for trade management
I saw this and acted...
