Trade · Wolfe
DOW
Dow
Plan
- Cut
- Daily close below $29.50.
- Take profit
- 33.50 then 35 into Oct 22. One at 33.50.
- 3× Jan $35C @ $1.86, $557. Spot ~32.35. Above 20/50/200.
- Cut: close below $29.50. Oct 22 print.
- One at 33.50, two toward 35 / the print.
The take
A chemicals cycle ticket, sized right. Three January $35s for $557. The tape is coiled on the averages. Oct 22 either starts the pop or you are out at $29.50.
Take 33–35 into the print. Do not sit cheap OTM calls through a chemical slump because they were cheap.
Expression
- 3× Jan ’27 $35C @ $1.858
$557 cost · 143d
Tape
Marking…
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
33.50 then 35. Oct 22 print. Cut $29.50.
News
Quiet on this name.