I am looking to possibly enter another call setup on RTX soon with this consolidation within the second gap. I have successfully traded this stock with options twice in the last year. My setups tend to be longer-term swing trades. With this said the last gap took about 15 weeks to fill I believe this gap may take about as long if the spx remains strong. The defensive sector could be a protective bet in these markets where finding value is fairly challenging.
-A strong non trend breaking OBV is bullish
-A nice red weekly candle to enter for some price protection
-Multiple tests at the current fib
-Tons of support at 86$ for another averaging in zone
-Id say 95$ calls into April for a 3 month setup, with a 6 month spread 100$ makes sense here to spread out the risk but capture different deltas and other greeks
-A strong non trend breaking OBV is bullish
-A nice red weekly candle to enter for some price protection
-Multiple tests at the current fib
-Tons of support at 86$ for another averaging in zone
-Id say 95$ calls into April for a 3 month setup, with a 6 month spread 100$ makes sense here to spread out the risk but capture different deltas and other greeks