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Hi Shoppers,


Norwegian Cruise Lines (Ticker: NCLH) looks like it has just bounced off a supporting line:



Monday’s candle is also a doji with a strong bullish green candle following.


I think NCLH can trade back up towards $29.


Looking at the options I like the Oct22 expiration. It is just before NCLH earnings date of November 8th.



Unless NCLH completely falls apart today, I will pay $0.80-$0.85 for the Oct22 27-strike calls.


I will take my losses if these trade down to $0.60, and I will take my profits when they trade up to $1.80-$2.00.

Trade Review


Ishares FTSE China (Ticker:  FXXI)  traded a high of $40.62 on Monday allowing the Oct15 calls to trade as high as $0.80, which would reduce my loss on those to 21%.


Riot Blockchain (Ticker:  RIOT) traded a high of $28.90 taking the Oct15 26/31 call spread up over $2.00, which would be a 33% winner.


Please send me your favorite travel book, I am always looking for something new to read.


Thanks for Reading … See You Next Tuesday!


Licia Leslie

Licia Leslie

Licia Leslie

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Licia Leslie

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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.

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