Quick trade for monday on $ABBV
Breakout formation
1) Swing Pivot
Last swing pivot breaked at 109$
2) RSI in the middle zone
Many space up and down too.
3) Squeeze indicator
On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.
CONCLUSION
LONG CALL VERTICAL AbbView Inc
Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit
Stop/my risk management: Closing immediately if daily candle is closing below $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @TanukiTrade on tradingview ).
Breakout formation
1) Swing Pivot
Last swing pivot breaked at 109$
2) RSI in the middle zone
Many space up and down too.
3) Squeeze indicator
On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.
CONCLUSION
LONG CALL VERTICAL AbbView Inc
- Max profit: 120$
Probability of Profit: 64%
Profit Target relative to my Buying Power: 31%
Buy Power: $380 ( max loss without management)
Max loss with my risk management: ~ $140
Tasty IVR: 6.9
Expiry: 66days
Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit
Stop/my risk management: Closing immediately if daily candle is closing below $103.8
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @TanukiTrade on tradingview ).
Trade closed: target reached:
Target reached. Take the profit and run away at 4.4cr, 60$
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My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
Unexpected gap from nowhere.
Updated bottom trendline (more realistic now), watching the close prices.