Replies to post #552 on SyndicateTwo's Stock Board

[SyndicateTwo]

My trade is now to start selling the June $50 calls. If you have a broker like IB, it's no problem with commissions. I'm beginning to sell 1 a day with a 1000 share position. So, the goal is to end up with 10 short at an average hopefully around $1.50+

I sold 1 today at $1.10.


It's one of the most clearly defined 5 wave patterns out there with this being the 5th wave. The projection is $50ish on a 1.38% fibo.

[SyndicateTwo]

Interesting setup though as a possible double top. In any case, $50ish should be a big reversal level because HAL is not GOOG.