Stock Trade Plan - 07 November 2018

The trade idea for today is an ETF with ticker symbol SPXL that trades the S&P 500 3x, it is a leverage S&P 500 a 3x version of SPY. It can be compared to SPY.

This is a straight bullish trade;

Entry is at $48

Stop is at $46

Target is at $55

The risk reward is a ratio of 7:2, which is a great reward risk ratio. You can trade options for December 2018 in the money with open interest at $45 (4.60/$5).

Let me know what you think about it in the comment box below