DISCLAIMER: Just entered into a short credit call spread, plan on exiting with roughly 40-50% gain. Stop is probably going to be around $85.
The chart looks like it's wedging up while the money flow and strength of the current upward movement look like they are turning towards exhausted. I think the top here is somewhere between $82.50 and $83.00.
Long term I think it has some potential provided we don't go into a correction in January.
The chart looks like it's wedging up while the money flow and strength of the current upward movement look like they are turning towards exhausted. I think the top here is somewhere between $82.50 and $83.00.
Long term I think it has some potential provided we don't go into a correction in January.
Trade active:
Still holding this set of options, hasn't moved a ton from where I purchased. Will be looking to close on the market in early Jan
Trade closed manually:
closed