XOP - BB% Cross Up
Entry was at $20.88.
Stop is $20.25
Target for 2R is $22.11
Trading using options.
Bought 3 Call 20 DEC 19 contracts @ .63 per contract.
Target is 50% profit / loss per contract + a little extra for fees
Profit: $0.97 per contract
Loss: $0.30 per contract
Stop is $20.25
Target for 2R is $22.11
Trading using options.
Bought 3 Call 20 DEC 19 contracts @ .63 per contract.
Target is 50% profit / loss per contract + a little extra for fees
Profit: $0.97 per contract
Loss: $0.30 per contract
Commento:
ADX DI+ looks weak on the daily chart, but is showing a rise on the hourly chart. MACD lower dips and OBV shows an upward bias at the time of the trade. Could consolidate which would hurt the option. Don't be hesitant to take off if it looks to go down.