On Monday if the following conditions are met:
1) FUV opens near previous close or below the 8.90 level
2) Moving to the upside
3) bullish overall market conditions
4) buying on the daily if it opens near close, otherwise, if it opens at a gap up, only interested in buying the breakout above 8.90
- Make sure to have stop loss set should there be a fake out, wait for confirmation if necessary.
Im thinking of going for the weekly call options, 2-5 of them in total with a strike price of $10. They have serious volume and closed at .20
If they do really well, I would sell most to make my profit before day close, and keep 1 should the movement be really exciting on Tuesday (although I doubt it lol)
My maximal trade will be somewhere in the 60-100$ range. So my max loss would be some $50-60 and the profit on this can be significant if it moves well and with volume.
And always remember, when you trade options, never hit that 'market' button!!!!
This is an idea meant as a personal reference for myself and for entertainment purposes only. Don't copy my trades.
1) FUV opens near previous close or below the 8.90 level
2) Moving to the upside
3) bullish overall market conditions
4) buying on the daily if it opens near close, otherwise, if it opens at a gap up, only interested in buying the breakout above 8.90
- Make sure to have stop loss set should there be a fake out, wait for confirmation if necessary.
Im thinking of going for the weekly call options, 2-5 of them in total with a strike price of $10. They have serious volume and closed at .20
If they do really well, I would sell most to make my profit before day close, and keep 1 should the movement be really exciting on Tuesday (although I doubt it lol)
My maximal trade will be somewhere in the 60-100$ range. So my max loss would be some $50-60 and the profit on this can be significant if it moves well and with volume.
And always remember, when you trade options, never hit that 'market' button!!!!
This is an idea meant as a personal reference for myself and for entertainment purposes only. Don't copy my trades.