XOM Long, at Demand Zone

5 באוק׳ 2020

High quality Fresh Demand Zone ;
RSI Divergence

Entry 33
Stop 30
Target 41; reward:risk=2.5:1
Target 46; reward:risk=4:1

10/30/2020 Earning. Normally, one day before earning, IV will be higher.
I will try option strategy according to earning.
See detailed steps in Trade Active section.

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

5 באוק׳ 2020

עסקה פעילה

Option trade: BuytoOpen Jan C35, limit 2.05;

Strategy according to earning:
Step1: Buy Jan 35 Call (2.05) , Stop 30, loss 1.2
Step2: Before earning day, if price goes sideway, then close this position; (loss 0.9)
Step3: if price goes Up to 38, then sell C45/55 x 2 (0.6x2=1.2);
Reduce risk to 0.7 and hold C35/45/55 butter fly. (Idea reward:risk=10:1)

9 בנוב׳ 2020

עסקה פעילה

sell Jan 37.5 limit 1.51; current cost 0.54, hold C35/37.5
Oil sector is too weak, I do not hope too much.