In the weekly chart, the price manage to close above the 20 Moving average. The long term trend seems to be still bullish, given that both 150 moving average is above 200 moving average. Hence, i am taking the view that price may test the 150 moving average in the daily chart and I decided to open this bull call spread. I will open another bear call spread to lower the cost of this trade, which I will share shortly.$ELV VERTICAL 250516 CALL 420.0/CALL 440.0$
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Debit Open | 9.75 1 | -- Holding |
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- Aqa·03-15Good strategy. Thanks for sharing. Liked and shared2Report
