$500 CHALLENGE TRADE on $FCX
BOT +1 FCX 100 (Weeklys) 26 APR 24 48 CALL @.53 LMT Debit [TO OPEN] This trade has filled. This is a $500 CHALLENGE Trade. FCX has a valid Bullish Divergent Bar from yesterday looking for a move back to or above 49.41 in the next couple trading days. With earnings already out, FCX moved lower but is still doing a good job of holding the 30 SMA and ATR Trailing Stop. Looking for a possibility of a bounce into 49.41 to allow for a quick win. With this week's expiration there will be no time to manage this so the trade will either work or not, so please be mindful of your risk if you choose to follow along. Do what you think is best for your account. Keep in mind your capital risk and only risk 100% what you are willing to lose.
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Director of Risk Tolerance @simplertrading. I teach traders about Risk trading options, stocks focusing on small account
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P4ND4 : Noice run up, out within a minute of opening, should have sold higher but stop loss got me from losing it all
AllisonTradesOP P4ND4: Nothing wrong with the guaranteed win, allows you to trade again the next day!