IBM Call Spread

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I'm buying an IBM call Spread 150/160 Cost $3.01 max gain $6.99

Expiring September 20th.

This looks like a good play, however if the market goes for a downturn this may push through it.

I think AAPL earnings will be a reflection of the tariff against China we'll have to wait and see.

Broke out of cup and handle, also OBV is rising and RSI is overbought however its printing a false signal I'll ignore it, it may trend sideways as it builds for a move higher.

Downsides are it could be weighed down by poor earnings season. That could be the only way to lose this trade unless this moves sideways.

Otherwise Risk/Reward = Green 7/10
Dagangan aktif
Added $150 Call EXP Sept 20

$3.46 Cost
Nota
Should not have added until after rate cut and until move continued into bull flag formation continuation. Loss was $162
CALLcallspreadChart PatternsIBM

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