TDOC potential long play
Updated
Going to watch this and see what unfolds. If I can get it, I'm hoping for a very slight pull back and for it to hold in the grey support/demand box. If it holds there, I think it has odds in its favor to try and make a pretty nice run up.
If able to find a good entry, my first target up will be around $225. My second target upwards will be the $250 price area.
TDOC options premiums aren't too bad, so hoping volatility stays or drops a bit more. I'll look to enter a call debit spread on this play going about 45 days out to give it some time. If we can get above $213 and find support above the downtrend line it is currently under, I think that could be viewed as very bullish and hopefully trigger more buyers to jump on board.
If able to find a good entry, my first target up will be around $225. My second target upwards will be the $250 price area.
TDOC options premiums aren't too bad, so hoping volatility stays or drops a bit more. I'll look to enter a call debit spread on this play going about 45 days out to give it some time. If we can get above $213 and find support above the downtrend line it is currently under, I think that could be viewed as very bullish and hopefully trigger more buyers to jump on board.
Note
Got that small down move to just about the grey box before rocketing upwards! I only was able to enter one small call debit spread. I did not get the actual full trade entry I wanted and I will always be honest about it; I'll never sit here and say "big play big profits" or "awesome entry on this one" just to make me look good.
For this one, I only grabbed a single call debit spread so not nearly close to what I truly wanted. But, if anyone did see this post and acted more aggressively on it, glad you did!
currently, it is in a small supply zone, so I already closed my tiny debit spread. I will update a new chart publish post after I enter this update!
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