SPXL Option trade idea

12 Jul 2020

looking at our levels, it appears we have just broken out of a falling wedge/pennant and are approaching an old pre-covid horizontal at ~($45). I will be entering a long position with a call spread with the entry price and exit price as my strikes for the long and short calls. Disclaimer: I am not a financial advisor, this is not financial advice. due your own research and due diligence before entering a trade. always consult your financial advisor before making a trade.