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