LONG $AMT ~ LONG SETUP via SELLING PUT SPREAD ~ #OptionsTrading
Updated
METHOD: Long AMERICAN TOWER {price at entry ~ 215.60} via:
STRATEGIES: Using AMT day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
- -2 VERTICAL AMT 100 (Weeklys) 27 DEC 19 220/212.5 PUT @4.20 ; !! may be tough to fill !!
- Trading @ medium IV so going for a positive R:R play
- Decay helps if price > 216 and hurts if below;
STRATEGIES: Using AMT day chart:
- The 20/50 Mean looks set to make a green cloud after mean crossed.
- The Fisher Transform line signaling an oscillation long.
TACTICS: The plan in terms of stock price:
- STOP is price < 212
- TGT1 220 to exit (5:3 Reward:Risk)
- Consider exiting at 50% max profit ($840/2) or better
- We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
B3
d^.^b
Trade active
Filled.Trade closed: stop reached
Stop reached ... the stock is on a skid on a dull day in the rest of the market. Humm..
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