Bought ROKU Call Spread Jan 2020 55 C - Jan 2020 60C for $2.30/c
Entered this Long Term Trade for $2.30/contract, since it completed a Long Term Breakout on a great percentage gain of more than 5%.
I will hold onto this trade until it is either close to max profit of $2.70/contract, which would yield 117% in about 15 months, or until the debit spread is cut in half.
First level of resistance is about $67 and after that $75.
Happy Trading
Lindosskier
I will hold onto this trade until it is either close to max profit of $2.70/contract, which would yield 117% in about 15 months, or until the debit spread is cut in half.
First level of resistance is about $67 and after that $75.
Happy Trading
Lindosskier
Comment:
ROKU blew past the $67 level and now I am looking for the $75, as an important level of resistance.
Comment:
2nd Level of Resistance at $75, hit yesterday.
Next level is at $80. Considering closing my long term position at that point, since ROKU moved too much, too quick and it looks like it is losing momentum on a short term basis
Next level is at $80. Considering closing my long term position at that point, since ROKU moved too much, too quick and it looks like it is losing momentum on a short term basis
Comment:
Sorry for the late update on this.
ROKU never made it up to $80, so I got stopped out at our previous Fib level at $75, when I sold my position.
Good trade for those who took it.
ROKU never made it up to $80, so I got stopped out at our previous Fib level at $75, when I sold my position.
Good trade for those who took it.