TRVG - Trade idea, low risk call options, little capital needed
This is a very interesting daily chart for me. RSI (7 day) dipped below 50 and is back over today. If it closes over 50 then tomorrow a trade over today's high gives a trigger long.
Yesterday's candle closed at 20sma, and stochastic below 20 should support a move higher in price as it turns up. The TTM is quite negative and while it does not give a buy signal, I will look for the bars to get shorter in support of a price move higher.
I like this trade because 2/19 expiry 2.50 strike calls are less than 50 cents. Anytime I hold options in a swing position I must be prepared to lose it all (anything can happen). In this example, if I buy 1 call contract I spend less than $50 so that is the max I can lose. The reward to risk is fantastic. Only spend an amount of capital that you are willing to completely lose, and identify your loss exits (% loss on option, trade below recent low, below daily support zone).
Yesterday's candle closed at 20sma, and stochastic below 20 should support a move higher in price as it turns up. The TTM is quite negative and while it does not give a buy signal, I will look for the bars to get shorter in support of a price move higher.
I like this trade because 2/19 expiry 2.50 strike calls are less than 50 cents. Anytime I hold options in a swing position I must be prepared to lose it all (anything can happen). In this example, if I buy 1 call contract I spend less than $50 so that is the max I can lose. The reward to risk is fantastic. Only spend an amount of capital that you are willing to completely lose, and identify your loss exits (% loss on option, trade below recent low, below daily support zone).
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.