GE is in a great position with room to run. Levels shown as white lines. Company is under strong leadership who was already working on debt reduction and a redistribution of assets. 7.49 first, then 8+, see you there!!
Previously posted this at last potential breakout. Resistance is tough just above 7. Will need to break through there first, but now we have less restriction with the red cloud below the stock price. Averaging up and turning the trend positive.
Solid breakdown - 10C for 1/15/21 are ripe for this trajectory
thealecbellamy
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@MAKrisp Delta and Gamma are higher for the 9$ calls and the premium will increase more as we get into the 8’s. If you’re willing to drop another .06-.1 per contract, I’d hit the 9’s for next January. Either way good call out, down today actually which helps with a good entry on each contract
MAKrisp
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@thealecbellamy, Ah, good call. I overlooked that and was thinking of a shorter timeline by year-end. I already snagged the 10C for 1/15/21 but might take a look at expiry 1/22
GGBridgeTech
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@thealecbellamy, I agree with you on the good call, and the resistance at 7 confirms it.
@thealecbellamy, Indeed, I sold 50% of my contracts (25) this morning for a 183% return. Letting the rest ride out although it might have still been early for me to take profit.