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
İşlem aktif
⋅
Filled @ $2.50 for Feb. 21 expiry - Put Credit Spread - 18/22 strikes Will update with outcome
Yorum
⋅
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.