Just a Trade Idea

Licia Leslie

Licia Leslie

Licia Leslie

Hi Shoppers,

Looking at the Intel (Ticker: INTC) chart, it has broken out of a trading range, to the upside:

INTC has definitively cleared the 50-day moving average (blue line) and has broken out of the trading range it had been in since October 31st.

Looking at the calls, I like the Nov18 expiration:

I like the Nov18 30 calls.

I think INTC can trade up to $31.25 and $35.30.

Trade Review

Quantumscape (Ticker: QS) did not open and trade higher on Wednesday, it actually completely fell out of bed.

This a good example of why that confirmation is so very important.

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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