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DPZ at 407.22
This chart is setting up for higher prices. The squeeze is about to fire and Bbands are starting to open up. MACD is bullish here too.
A move under 385 will make me rethink my bullish outlook.
This is a Call Debit spread and the risk is the debit paid.
Chart:
Risk Profile:
Order Ticket:
DPZ at 409.81
Price is still indicating more upside but action is stalling out a bit.
I’m going to sell an OTM call spread against my long spread. The spread I am selling is in a 2SEP expiry, which has less time until expiration than my long call spread.
The best case is DPZ trades around 420 by 2SEP expiry. The short call spread will lose enough value to either expire it or buy it back for a lower price and then we can look to sell another call spread against the long vertical spread position.
Risk Profile:
Order Ticket:
DPZ at 394.05
I’m going to make an adjustment:
Risk Profile:
Order Ticket:
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