The May 6, May 13, and Jun 17 expiries had big OI increases yesterday, at strikes between 21 and 25. I like the weekly chart for a swing call trade. The green spots on RSI show price should at least make a tradeable bounce from under 22. I will be looking for stochastic to start moving higher and a strong green candle will help strengthen this trade idea.
I bought 13May 25 calls for $0.26
The only reason I did not go out to June is because I will sell on a move up out of oversold RSI.
I bought 13May 25 calls for $0.26
The only reason I did not go out to June is because I will sell on a move up out of oversold RSI.