TradingBandito06

MGM - G/G pullback.

Long
NYSE:MGM   MGM Resorts International
Not as strong as LVS, but similar trade.

Trade Theme Wave pullback in G/G Trend

Sector/Stock MGM

Trend G/G
Propulsion 34
Vscore Close
Vprofile Yes
RAF 50%
Darvas Yes
Darvas 3.0 Yes


Entry 42.5 Look for 5% and 10% Option Price Pullback Entry
Profit/Breakeven 43.75 50% Fib retracement
Stop Loss 25%

Option 16Jun23 40 Call
No May Option Interest
Trade active:
Bot on option price retreat after breakout

19May23 42Call - 3.10
Trade closed: stop reached:
Got torched on the Credit Suisse news. Tried to stay in until after 10am, but prices knocked me out.

Sold @ 2.32 - 25% Loss
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.