Replies to post #50098 on "House of Pinchers" (Pinch)

[jimmenknee]

FWIW, I establish both Risk (sell for loss) and Reward (target sell for gain) before every entry. I use the mid-bb as my pivot and Fibonaccis, MAs and Horizontal-Support/Resistance to monitor progress after entry.

(I post my trades on another board)

Although not a Pincher, I am eyeing a charger inspired "Bottom Buster" trade in XOM with Jul 11 99Cs for a move to 103 and a stop at 100. The potential gain is ~ 78% and since it is a weekly option, the only way to continue the trade would be to roll it.