APPLE BULL SPREAD - oversold breakout
Updated
Here is some big tech-play.
1) Divergence in oversold territory
My Smooth RSI indicator absolutely in the oversold territory, some bullish divergence detected.
2) Momentum confirmed with volume
Some buy volume finaly arrived.
3) Parallel charting
I love parallel speed-, or trendlines on chart.
Now another breakout.
4) Not everything is an utopie
The dangerous resistance in background! Previous support could acting as resistance later!
CONCLUSION:
APPLE DEBIT BULL SPREAD
Buy 1 AAPL April23' 115 Call
Sell 1 AAPL April23' 118 Call
Long call spread for 2.36 debit
Stop/my risk management: Closing immediately if daily candle is closing below $117
Take profit strategy: I'm taking at the 50% of max.profit in this case with auto sell order. (at 2.68 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh ideas follow me : @mrAnonymCrypto on tradingview anyway!
Recommendation: thanks for Csemez to pointing on this trade!
1) Divergence in oversold territory
My Smooth RSI indicator absolutely in the oversold territory, some bullish divergence detected.
2) Momentum confirmed with volume
Some buy volume finaly arrived.
3) Parallel charting
I love parallel speed-, or trendlines on chart.
Now another breakout.
4) Not everything is an utopie
The dangerous resistance in background! Previous support could acting as resistance later!
CONCLUSION:
APPLE DEBIT BULL SPREAD
- Max profit: $64
- Probability of Profit: 70%
- Profit Target relative to my Buying Power: 27%
- Buy Power: 236$ (max loss without management)
- Max loss with my risk management: ~ 70$
- Tasty IVR: 18.8
- Expiry: 38 days
Buy 1 AAPL April23' 115 Call
Sell 1 AAPL April23' 118 Call
Long call spread for 2.36 debit
Stop/my risk management: Closing immediately if daily candle is closing below $117
Take profit strategy: I'm taking at the 50% of max.profit in this case with auto sell order. (at 2.68 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh ideas follow me : @mrAnonymCrypto on tradingview anyway!
Recommendation: thanks for Csemez to pointing on this trade!
Trade closed: target reached
Success, 32$ profit grabbed.
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🌐 TanukiTrade.com 🌐
REAL option metrics for over 160+ liquid US symbols:
✔ IVRank ✔ Exp.move ✔ Delta curves ✔ Volatility Skew
⏩ FREE Newsletter: tanukitrade.substack.com
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