Shared by
GH0ST_0P
17 APR 65C
Don't know whether this is a 2008 event or not, but even crashes have bear market rallies. I chose Kellogg because it's a consumer staple.
Method
RSI Oversold (25)
Bollinger Band Pierced
Pin Candle bouncing off resistance at $60 area
+6Wk Expiry
Risk / Reward = 2-3R
Money Management
Risked 5%
Exit Strategy
Top of the Bollinger Bands
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-04 11:38:28 | 17 APR 20 65 CALL | buy | $1.640 | long |
| 2020-03-16 10:08:20 | 17 APR 20 65 CALL | sell | $1.870 | 0 |
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