I see three different ways to enter this earnings and gap fill trade.
Trade Entry
1. Feb. 21 - $20 Calls for $0.60 each ($60).
2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward.
3. Buy shares and trade. Cheap at $19.25
Chart Details
LEVI is coming up on earnings.
Bull Flag formation just about to breakout.
Bullish EMA Cross with Bullish 10WeekMA price cross.
Gap fill at $22 with earnings on Feb. 4th.
We are also coming off a double bottom on LEVI.
Good setup with good catalyst.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term, ZM Bullish, BYND Bullish
Trade Entry
1. Feb. 21 - $20 Calls for $0.60 each ($60).
2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward.
3. Buy shares and trade. Cheap at $19.25
Chart Details
LEVI is coming up on earnings.
Bull Flag formation just about to breakout.
Bullish EMA Cross with Bullish 10WeekMA price cross.
Gap fill at $22 with earnings on Feb. 4th.
We are also coming off a double bottom on LEVI.
Good setup with good catalyst.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term, ZM Bullish, BYND Bullish
Dagangan aktif
Filled @ $2.50 for Feb. 21 expiry - Put Credit Spread - 18/22 strikesWill update with outcome
Nota
Price first appeared to have broken pattern, but further assesment looks like base of wedge support was too high. Using Dec. 17 low of $18.68, we are sitting on support.
Going to update with new chart.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.