So, if you follow me on my other post, my weekly puts I sold on BA expired worthless, thankfully.
Nice to be on the opposite end of a horrendous option trade for a change :p.
I did a restrike at 190 for next week put sell, just 2 of them on the bounce off the 194 support.
Probabilities are very bullish on BA for next week. But aside from the probs and the math, the chart is pretty clear imo.
If you look at it, it is forming a pennant type structure. Slowly but surely we should be making our way back up towards 202.
Probabilities for the high targets are 3:4. For the low targets its 1:4.
I have been very risk averse lately with the whipsawing market, but I am going to swing this long next week depending on where we open. BA kind of ruined my last trade I had planned by gapping up at my TP (see my previous post), so if gaps up towards 200, I will just stick with the puts I sold. Otherwise, I am going to be looking to long this towards the top of that flag structure.
We will see the open targets and 99% targets at open on Monday and I will post them here.
Safe trades everyone!
Nice to be on the opposite end of a horrendous option trade for a change :p.
I did a restrike at 190 for next week put sell, just 2 of them on the bounce off the 194 support.
Probabilities are very bullish on BA for next week. But aside from the probs and the math, the chart is pretty clear imo.
If you look at it, it is forming a pennant type structure. Slowly but surely we should be making our way back up towards 202.
Probabilities for the high targets are 3:4. For the low targets its 1:4.
I have been very risk averse lately with the whipsawing market, but I am going to swing this long next week depending on where we open. BA kind of ruined my last trade I had planned by gapping up at my TP (see my previous post), so if gaps up towards 200, I will just stick with the puts I sold. Otherwise, I am going to be looking to long this towards the top of that flag structure.
We will see the open targets and 99% targets at open on Monday and I will post them here.
Safe trades everyone!
Premium indicators and content have launched! Get access at: www.patreon.com/steversteves
Alerts set, will let it do what its going to do!
Safe trades everyone!