POET Long
Updated
in uptrend, trendline break + retest + trendline break + retest
Long 3.9
Stop 3.5
Target 5.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better buy ITM options and keep 90+ days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 (C1 Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 (C1 Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
Long 3.9
Stop 3.5
Target 5.5
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
For non-Pro option traders, better buy ITM options and keep 90+ days.
I will try some samples to test my chart reading and OP strategy:
"Buy in the money (ITM) calls in daily uptrend, and keep 400 days. "
CAN price 1.6 11/19/2024
BuyToOpen Jan2026 Call C1 Limit 1.0 (C1 Delta 0.87 , 422 days )
ITM C1 has 0.6 value.
OPK price 1.6 11/20/2024
BuyToOpen Jan2026 Call C1 Limit 0.65 x2 (C1 Delta 0.85 , 421 days )
ITM C1 has 0.6 value.
Trade active
POET price 3.9 11/20/2024
BuyToOpen Jan2026 Call C3 Limit 1.05 (C1 Delta 0.85 , 421 days )
ITM C3 has 0.9 value.
Note
SellToOpen Jan2026 Call C5 Limit 1.05
Hold C3/C5 with 0 Cost.
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