R1KU34 trade ideas
$ROKU, trading it 1/7For 1/7, intraday trading ideas for options; For red or green market day. #options #daytrading
Break over 204.5 (entry, long), it can see 213-217 (exit)
Break below 189.5 (entry, short), it can see 176-181 (exit)
Option Trading 101:
Risk what you can lose (0.5%-5%)
Watch buyers and sellers (their interactions & sentiment, ex. exhaustion of buying or selling, etc.) in strikes that you’re watching & the ticker too; this is how YOU manage YOUR trade.
Consider following and checking out my prior posts & recaps (on twitter), have a great one. Not financial advice.
$ROKU trading in channel$ROKU gave up 618 retracement Friday, shit stock but trading in range for past 2 weeks. Rejected off supply zone 238/241. 224 is a key level. Puts below 227, PT 224, 220, 213. Calls above 230, PT 233, 235, 236. Also eyeing a reject at golden zone 236 or at the afore mentioned supply zone 238/241.
RokuClosed right at wedge resistance here.
I think starting the week, we'll retest 222 support (White line). If that support doesn't hold we're headed to 170 or wedge support again.
On the flip side , the accumulation of the last 7 days of candlestick has formed a possible bull flag and as long as 222 support holds that pattern is valid.
Either way roku will breakout or breakdown this week . There's not much room to range trade for much longer
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