Swing Trade - CALLS - earnings 3/2 - RSI holds over 50
It is still a good time to enter calls (see linked chart). RSI bounced off 50 (yellow circle) and now stochastic is also back above 50. Price has tested 20sma and made a higher close today. IV has started to increase cost for the 3/6 expiry options and should continue to rise. I am holding a 160 call, 3/6 expiry. Top of blue rectangle in chart, 160ish, is my target.
You can enter 2/28 expiry if you want to trade a move up this week, or buy 140-160 strike in the 3/6 week and let rising IV boost your position if stock goes higher. Trade small, and take profits before earnings. If you hold any calls thru earnings, your potential loss should be small and not wipe out your profits.
You can enter 2/28 expiry if you want to trade a move up this week, or buy 140-160 strike in the 3/6 week and let rising IV boost your position if stock goes higher. Trade small, and take profits before earnings. If you hold any calls thru earnings, your potential loss should be small and not wipe out your profits.
Catatan
Earnings date has been updated to 2/27.
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