CVNA Crossover Swing

2024年9月16日

CVNA

Daily crossover triggered

Planning to buy at market open on 9/17 so long as we are above 148.85 (HOD on 9/3). Ideally, we stay above 152.33 (HOD on 8/30, last trading day of August)

What I'm buying:
With the way that CVNA tends to move, I'm opting for a vertical debit spread here.

Sep27 +155c/-165c for a debit of roughly 3.30, and a max gain of roughly 6.70 at expiration, which is also the max date of this trade.


Using an ATR of 7.77, targets are as follows:

SL: 141.62
TP: 177.35
Max Date: Market Open of Friday, 9/27

^^As always, whichever of these hits first

Additional levels:
159.85 - Recent Strong high
179.24 - This level is above our TP, but note this level when looking back on the weekly chart

2024年9月17日

交易進行

Gapped up in PM, but I waited for it to come back down to a YHOD test and entered

2024年9月18日

交易進行

Took a trim here at the strong high test

2024年9月19日

交易結束：目標達成

Sold at open given the gap ups today