By Licia Leslie
July 10, 2024
Hi Shoppers,
Ford (TIcker: F) has had a nice rally and traded up to resistance with a doji.
You know what that means, right?
It means it is ready to rollover or pullback:
The doji was created on Monday and yesterday gave us confirmation.
I think $F can trade back down $11.95.
I am looking for a swift move lower to take place this week so I am looking at the Jul12 expiration:
The 13 puts are ten cents in the money and are trading $.18.
These puts can at least double and possibly trade up to $.70 – $.90.
Trade Review
Alphabet (TIcker: GOOGL) is consolidating and holding support.
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
See what's hot at option pit
CAPITOL GAINS: SMR Aug16 7 call closed for a 150% gain
DELTA STRIKE: VLY Mar15 8 puts closed for a 88% gain
PFE May17 26 calls closed for a 66% win
OP MENTORING: SPY Mar22/19 510 put calendars and 520 calls for 6.4% gain
OPTION SHOPPER: ERX Mar28 65 calls closed for a 90% gain
BY LICIA LESLIE
July 3, 2024