CCJ - trying to find a low risk entry
CCJ has been on a nice up trend since 11/2020. Looking at the the monthly it has only closed below the monthly 10 EMA four times in the last thirty months.
The daily dropped into daily demand and bounced nicely off of the 200 SMA which has been respected for the past year.
I bought just above yesterday's high. I bought Jan 40 calls and sold April 47 calls.
I have a stop shown and possible targets dependent on time decay of the calls I have sold.
The daily dropped into daily demand and bounced nicely off of the 200 SMA which has been respected for the past year.
I bought just above yesterday's high. I bought Jan 40 calls and sold April 47 calls.
I have a stop shown and possible targets dependent on time decay of the calls I have sold.
Komentarz:
I bought back the Apr 47 calls and May 50 calls for a .33 credit