SQ on a Breakout

Hi Shoppers,

Block (Ticker: SQ) has been struggling to trade over its 200 day moving average.

Yesterday it managed to close above it:

I think if SQ can trade consistently over $67 it will trade back up to that resistance at $72.

If you look at next week’s options, the calls have a nice little upside skew what makes for a great call vertical:

Use that 200 day level at $66 as your stop loss.

Thanks for Reading … See You Next Tuesday,

Licia Leslie

Licia Leslie

Licia Leslie

Share This Article

Licia Leslie

0DTE Daily

Rally starts but yesterday’s whipsaw echoes

By Licia Leslie

Licia Leslie

Pit Report

I’m Buying Puts on This One

By Licia Leslie

Licia Leslie

Profits in Pumps

What’s Up With the QQQs?

By Licia Leslie

Licia Leslie

0DTE Daily

Down again, but median in play

By Licia Leslie

About the Author

Licia Leslie

Licia Leslie

Former CBOE floor trader and CIO at Karman Line Capital. Author of ‘The Option Traders Hedge Fund’ with over 30 years of options trading experience.

Popular Posts

Categories

Stay Updated

Subscribe to our newsletter for daily trading insights

Upcoming Events

FOMC Meeting

2:00 PM EST

Earnings Season Begins

Pre-market

Options Expiration

Market Close

NFP Report

8:30 AM EST