Day 45 Feb Option Expiration
Good morning. Trust you have a great day trading.
Some notes:
- 200/50 Moving average.Right at the cross. Little uptrend movement right now.
- 30/10 crossing to an uptrend.
- Chart. BIG W. it is right at the neck line. right hand side. breaks 2280/2300 on the way up.
- Flag pattern too. on the right side.
- 2230 and 2280 are support and resistance levels in this flag. Thinking about doing a flag trade (play both sides, if it breaks up or down).
- Tested a couple spots. 2440/2450 at 30 cents, and 1900/1850 at 1.60. paper test. worked. You could do 1900/1910 (10 dollar spread).
Update 10:11am market moved up. Got a 1900/1910 for 30 cents. and 2440/2450 for 32 cents.