$PYPL ~ PAYPAL ~ LONG SETUP USING CALLS ~ #OptionsTrading
Updated
METHOD: Long PAYPAL {price at entry 104.93} via:
+2 PYPL 20 DEC 19 102 CALL @3.40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
TACTICS: The plan in terms of stock price:
Will update in comments,
B3
d^.^b
+2 PYPL 20 DEC 19 102 CALL @3.40 ; Trading with 0.50 of extrinsic value, with decay only threatening if losing the trade.
STRATEGIES: Using DIS day chart:
- The 20/50 Mean green cloud contracts, and we can look for a new expanding cloud to form for a long from the mean.
- The Fisher Transform bounce signal appearing near the mean.
TACTICS: The plan in terms of stock price:
- STOP is price < 102
- TGT 108 to exit
- Trail option price to Break Even once stock price > 106; OR consider scaling as green cloud becomes large
- We may let the Fisher Transform and 20/50 mean together take us out technically for whatever we get win or lose.
Will update in comments,
B3
d^.^b
Trade active
Filled.Note
"Trail option price to Break Even once stock price > 106"Trail set. The options are up 61% at this point.
Trade closed: target reached
Though the price was 10 cents below 108, the options at 102 paid me the 6 in delta I was after. Paid 3.40 for them for 76.4% win.
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