This is my favourite set up for next week. Capital One delivered their financial report on 10/23 AH with a EPS surprise of 150% with good guidance. It gapped up from ER but oversold most likely to the market conditions 😢. Supports and RSI is holding well.
Optimal Entry ✅
A close higher than 73, if it forms evenings star I will not enter. ❤ support must hold. Will open a starter position when the set up looks right.
PT 177
PT2 80.5
SL 🧡 support level (around 69.5)
Contracts 📝
⚠ From the most risk to the least risk: ⚠
12/4 74.5/77.5c bull spread (net debit of around 1.33)
11/20 72/74.5c bull spread (net debit of around 1.15)
11/6 70/72c bull spread (net debit of around 1)
12/18 70/80c bull spread (net debit between 4-4.25)
Watch for the entry, if set up breaks don't enter. If it closes above 73 then I am very confident in this play. Manage your risk, let's make some greens from this red market! 👍
Optimal Entry ✅
A close higher than 73, if it forms evenings star I will not enter. ❤ support must hold. Will open a starter position when the set up looks right.
PT 177
PT2 80.5
SL 🧡 support level (around 69.5)
Contracts 📝
⚠ From the most risk to the least risk: ⚠
12/4 74.5/77.5c bull spread (net debit of around 1.33)
11/20 72/74.5c bull spread (net debit of around 1.15)
11/6 70/72c bull spread (net debit of around 1)
12/18 70/80c bull spread (net debit between 4-4.25)
Watch for the entry, if set up breaks don't enter. If it closes above 73 then I am very confident in this play. Manage your risk, let's make some greens from this red market! 👍