Is Anything Going Up?

Licia Leslie

Licia Leslie

Licia Leslie

Hi Shoppers,

I am seeing a doji on Verizon Communications (Ticker: VZ) which could be signaling a reversal in trend:

There could also be a double bottom.

Just remember before jumping in, wait for the confirmation which means you want to see VZ trade higher.

Also, wait until around 11 ET, which gives the market time to sort out what it is going to do.

Next week’s 41 calls could possibly be purchased for under $.60.

Trade Review

My Apple (Ticker: AAPL) calls I sold for 121% profit and my Alphabet (Ticker: GOOGL) calls I scratched. I could have made $.50 on them, but I scratched. GOOGL did not participate in that giant rally last week.

Quantumscape (Ticker: QS) has traded up to $12.75 on Thursday, that is up over $2.00 since my write up. Looks exhausted here.

Thanks for Reading … See You Next Tuesday.

Licia Leslie

 

Licia Leslie

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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