DGX has been seeing some decent accumulation trading in a tight channel since its recent drop from 130 ATH level. On Friday, it finally broke the 116-118 consolidation range to reclaim the upper channel on good volume and managed to close above the $ 120 level as I wanted. With ER this week, expecting the uptrend to continue and I will stay in the play as long as the $ 118.50 level holds as we have time on our side. I picked up a few $130 11/20 calls for $1.90. These contracts weren't inflated despite Friday's move ( 1.80 was low of day and $ 1.35 was the previous close) so expecting a favorable move on the stock to get a good return on these contracts.
Disclaimer: The above ideas are my own and should not be treated as investment advice of any kind. Please do your own research before investing.
Disclaimer: The above ideas are my own and should not be treated as investment advice of any kind. Please do your own research before investing.