LONG $FB ~ FACEBOOK~ SETUP USING CALL-SPREAD ~ #OptionsTrading
Updated
METHOD: Long FACEBOOK {price at entry 198.39] via:
STRATEGIES: Using day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
- +2 VERTICAL FB 100 (Weeklys) 27 DEC 19 195/202.5 CALL @3.75 ;
- Decay only threatening if losing the trade; 1:1 R:R.
STRATEGIES: Using day chart:
- The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
- The Fisher Transform bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
- STOP is price < 196
- TGT1 202.34 to scale; TGT2 208 to exit
- Consider scaling as green cloud becomes large
- Consider exiting at 50% max profit
- 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, however, I had to readjust to price at entry 200:+2 VERTICAL FB 100 (Weeklys) 27 DEC 19 195/202.5 CALL @4.80
TGT 208 to exit
Trade closed: target reached
Win! Target Exit 208 hit with limit order.
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