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Divergences
- Thread starter romik
- Start date
Morning Romik,
I just wanted to fill you in on my CAL play 22.00 is the price that I make a 100% on this trade. This has been my target all along. But things have changed a little in the airline market and I am going to change my target as well. Here is some news and what I am going to do is just watch the market today because it could go down to 20.00 and give me 200%. I'll let you know what I end up doing.
http://finance.yahoo.com/q?s=cal&d=v1
Gary
I just wanted to fill you in on my CAL play 22.00 is the price that I make a 100% on this trade. This has been my target all along. But things have changed a little in the airline market and I am going to change my target as well. Here is some news and what I am going to do is just watch the market today because it could go down to 20.00 and give me 200%. I'll let you know what I end up doing.
http://finance.yahoo.com/q?s=cal&d=v1
Gary
Quote from 4re:
Morning Romik,
I just wanted to fill you in on my CAL play 22.00 is the price that I make a 100% on this trade. This has been my target all along. But things have changed a little in the airline market and I am going to change my target as well. Here is some news and what I am going to do is just watch the market today because it could go down to 20.00 and give me 200%. I'll let you know what I end up doing.
http://finance.yahoo.com/q?s=cal&d=v1
Gary
I wish you all the very best on this one, hope you make a killing! I will, hypothetically, cover 50% of the position @ $21.00 and scale out on the way down or exit at entry. You can't really do it with options or can you?
Quote from romik:
I wish you all the very best on this one, hope you make a killing! I will, hypothetically, cover 50% of the position @ $21.00 and scale out on the way down or exit at entry. You can't really do it with options or can you?
Yes, you can scale out with them. I am going to play it by ear from 22 on down.
Quote from romik:
Gary, if you are reading this I would like to ask you to explain where do you derive $22 as target on CAL, just interested to see it from your point of view, Cheers.
No problem, here is a CAL daily chart. It will show the support levels I am watching.