Trade · Wolfe
DOW
Dow
30.46
+0.13 · +0.4%
Plan
- Cut
- Daily close below $29.50. All five.
- Target
- 2 at 32, 2 at 33.50, 1 toward 35.
- 5× Jan $35C, blended $1.66, $829. Added 2 @ $1.36. Spot ~30.14. 20-day 30.76, 50-day 30.03.
- Cut: close below $29.50. Oct 22 print.
- 2 at 32. 2 at 33.50. 1 toward 35 / the print.
The take
5× Jan $35C, blended $1.66, $829. Added 2 @ $1.36. Cut $29.50 all five.
2 at 32. 2 at 33.50. 1 toward 35 / Oct 22. No add.
Expression
- 5× Jan ’27 $35C @ $1.6588 · 4.5 OTM
$829 cost · 89d
Tape
- 20-day30.78 below
- 50-day29.99 above
- 200-day31.28 below
Stop
Cut on loss of $29.50
Coiled on the 20/50/200. $29.50 is just under that knot.
Outlook
- Q3 earnings22 Oct · before expiry
2 at 32. 2 at 33.50. 1 toward 35 / Oct 22. Cut $29.50. No add.
News
Quiet on this name.