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IBB at 130.68
This chart looks bullish and I’m looking for a move towards 135-148
I will start with a long call, 42 days until expiry
Chart:
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Order Ticket:
IBB at 132.72
The first target near term is 135 area.
I’m going to convert this long call into a long call diagonal spread by selling to open 02SEP 134 call.
This adjustment will cap the upside, but we’re also taking 60% of risk off the table.
Risk Profile:
Order Ticket:
IBB at 133.01
I’m going to roll the 2SEP call out and down to 9SEP expiry. I am collecting an additional credit, this will reduce a bit more risk in this trade.
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Order Ticket:
IBB at 124.74
The market is picking up steam to the downside and I’m going to take this trade down for now
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Order Ticket:
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