Filled at 1.95 avg this idea is a fib setup. We have a nice double bottom on the daily inside the golden zone. Targeting the -2.36 (424-429 area) which is in the area of ATH's as well as weekly sellers.
Entered 1-24 $27.5 calls today @.61 on 5min close above orb with pdh below. bought more on retest of orb for an average of .616 per contract. The goal is to take this at least to a daily confluence level marked in orange which is just shy of a .618 retracement for short entries. Stops are just below PDH
