American Electric Power - Good risk to reward stock trade idea!
Diupdate
Looks like a good setup to go long. It may take couple of weeks to hit the target, but good wait for 1:2 risk to reward ratio.
Disclaimer: This is neither recommendation nor advise to invest/trade. This is my journal for educational purpose only
Disclaimer: This is neither recommendation nor advise to invest/trade. This is my journal for educational purpose only
Catatan
Since earnings are on Thursday, it could be good short term trade as I would like to close before the earnings. I might try options if get at right price.Catatan
So bought Jan 90C options day of earnings and decided to hold through the earnings. I have few weeks to see if it hits the target. Will close the position in loss if AEP closes below 89.
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