BY LICIA LESLIE
February 25, 2024
Hi Shoppers,
Costco (TIcker: COST) is my choice for a mega stock.
It has been honoring the uptrend line support since October 27, 2023.
I believe COST longer term will trade $774 and then $840.
Looking at the calls expiring Apr 19th:
I like the 750/780/810 call butterfly.
That is buying 1 750 call, selling 2 780 calls and buying 1 810 call and paying around $5.25.
Here is the probably chart:
Support comes in at $720.
Trade Review
This was written before Friday’s close, not sure yet where XSP ends up.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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