Trade 6: $T Calls30 - $0.16 T $30.50 calls for 8/21
Rules:
1. No earnings plays (post earnings )
2. No increasing/averaging down, use a stop loss of 20-30%
3. Charting based on triangles/ wedges and SMAs (sitting on all the SMAs , rising RSI , MACD ready to make a move)
4. At the money/near the money (check)
5. Risk/reward 1/3 or greater (next week cheap calls, but stock doesn't move much, need a quick 2-3% move in the next few trading days)
6. Buy 45 days out approx. (the way I trade, I may need to scrap this and work on timing of the purchase of the contract)
7. After the first week, get out and reassess if it still hits all these criteria (will update likely to a few days based on my trading habits, we'll see)
Trade 1: BA call $250 to $480 ($130 net)
Trade 2: ARMK call $435 to 435 ($0 net - still $480 principal)
Trade 3: MGM call $435 to $315 ( -$120 - $360 principal)
Trade 4: WFC call $354 to $255 ( -$99 -$261 principal)
Trade 5: GOOS call $85 to $280 ($195 - $541 principal)
Trade 6: T calls $480 to ....
Bought too early in the day, poor price compared to what I could buy now, but GOOS turned around next day maybe this will as well
