12/11/17
CSCO has been a strong uptrend from a giant earnings gap.
Consolidation here has led to a tight triangle and an explosive move today. Looking for a break above $38 @ $38.20 to play the strength. Good RSI and weekly trend too.
Profit: 39.45
Entry $38.10
Stop $ 36.70
Jan18 38 Calls for $0.80 OBO on a break of $38.10.
CSCO has been a strong uptrend from a giant earnings gap.
Consolidation here has led to a tight triangle and an explosive move today. Looking for a break above $38 @ $38.20 to play the strength. Good RSI and weekly trend too.
Profit: 39.45
Entry $38.10
Stop $ 36.70
Jan18 38 Calls for $0.80 OBO on a break of $38.10.
交易進行:
The trade was entered and has been consolidating above the $38 round number, which is a positive sign, and the DIA and SPY have been battling at new highs of their own. The QQQ was positive today, so we are looking for followthrough on Monday.
交易結束：目標達成:
Prices took awhile to move to the profit target, but after another nice consolidation below $39, the target was hit yesterday.
I sold 2/3 of the position as the profit target for the 2nd consolidation was hit as well.
Options sold for $1.6 on 1/5/17.
Continuing to hold the 1/3 postion if $40 is a price magnet.
I sold 2/3 of the position as the profit target for the 2nd consolidation was hit as well.
Options sold for $1.6 on 1/5/17.
Continuing to hold the 1/3 postion if $40 is a price magnet.
評論:
Prices have hit $40 level and continued upward. I am continuing to hold 1/3 position with a trailing stop.
評論:
I should I said that I took the 38 stock during the options expiration. I am holding the stock with a stop loss.