CRSP: Trade idea
Hey traders, here's my play on CRSP
I added more shares on Friday before close which brought my average cost slightly down to $168, will keep adding if we go below $150
Conditions/Catalyst:
I will scale into March 5 180c so long that 162 is held. My targets are 172, 177, and 193. This play will heavily be dictated by volume, if I see lots of buying I will go overweight and continue to hold. Once I see price action moving sideways on low volume I'll cut the chord with a small loss and might play 170c or 155p weeklies depending on direction.
**Since January 27 the price action has been tightening and this could signify a move up, or continuation on a move down**
I added more shares on Friday before close which brought my average cost slightly down to $168, will keep adding if we go below $150
Conditions/Catalyst:
- Earnings + pipeline update (CTX130, CTX120, & CTX110 in sight)
- Potential reversal Friday before close
- Hammer candle resting on 50ema after a major sell-off
- Moving averages + price actions tightening up since January 27
I will scale into March 5 180c so long that 162 is held. My targets are 172, 177, and 193. This play will heavily be dictated by volume, if I see lots of buying I will go overweight and continue to hold. Once I see price action moving sideways on low volume I'll cut the chord with a small loss and might play 170c or 155p weeklies depending on direction.
**Since January 27 the price action has been tightening and this could signify a move up, or continuation on a move down**
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