Wednesday, June 21, 2017 4:14:01 PM
VRX Triangle Breakout
The thick vertical yellow line represents the height of the triangle (to judge price goal).
I have two VRX trades. The first is a buy/write taken on the date of the last red candle at the bottom of the triangle (June 15) and that will expire this Friday and the stock will be assigned.
The second trade was taken on the second day after the breakout higher (yesterday's red candle). I wanted to sell Calls on that day but couldn't get the price I wanted so decided to wait till today. Considering the continuation today, I'll sell Calls on another day.
Want to see a rocket launch? Check out BIB price and volume!
The thick vertical yellow line represents the height of the triangle (to judge price goal).
I have two VRX trades. The first is a buy/write taken on the date of the last red candle at the bottom of the triangle (June 15) and that will expire this Friday and the stock will be assigned.
The second trade was taken on the second day after the breakout higher (yesterday's red candle). I wanted to sell Calls on that day but couldn't get the price I wanted so decided to wait till today. Considering the continuation today, I'll sell Calls on another day.
Want to see a rocket launch? Check out BIB price and volume!
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