VIAC - Beat the Rush with Low Risk Swing Calls

Please review chart details to see how the 30m and daily charts are setting up nicely together for a swing call trade. Dashed lines mark upside targets. The price drop was unpredictable, and so is the amount of buying that may ensue. The stops indicated are based on time of posting. If price closes over 44.75 today then there is a bullish engulfing on the daily chart as well.
A short term swing trade for this week (16 Apr expiry) would see daily RSI moving up to 50, and price maybe to 48 or 55. I would expect a pull back then, and will keep this on watch if price may move higher. Options are inexpensive and now is also a good time to buy May expiry 50 strike.

ปิดการเทรด ด้วยตนเอง

This stock did not make a bounce as some others did. My price stops were 43.80 and 43.30. I sold my calls the next day not because those stops triggered, but because IV change added to the theta on 16 Apr expiry. So to stay low-risk, I sold calls for a loss instead of holding on wishful thinking. I have an alert set for price over 45 in case a call trade sets up later.

บันทึก

I missed something that I feel is important enough to give notice. I have an alert set for the price to reach the 200sma on the daily. Indicators are still terribly oversold and this consolidation may break down only to find buyers coming in between 39-40. Worth watching to buy stock or swing calls with extra time (June expiry)

บันทึก

Price touched 200sma, opening higher today. Watch for buying volume and signs of price reversal. There could be a nice price move here

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