Breakout to the upside anticipated sometime next week (around 5 trading days or less)
Note
Happened in 2 trading sessions. Strong breakout on higher relative volume. Mid-term (1-3 months) PT: 22.92Trade active
OPTIONSentry PRTS 15 20 Nov 20 Call 100 @1.05 average
current gain: 23.81%
Trade active
-33%Note
Next trading couple session anticipate reaching 14.75 (PT for this trade)Note
Looks like prices are consolidating. In the context of a volatile market, PRTS has slowed down while not giving back much of the gains from the breakout bar.Trade closed manually
Decided to close this position because markets have been volatile and expiration is less than a month away. Small gain --> sold options @1.10.Price did reach my short-term PT of 14.75 (today's high was 14.90).
Perhaps was overly cautious with this trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.