AbbVie Inc - Long Call Vertical Spread

Aktualisiert
Quick trade for monday on ABBV

Breakout formation

1) Swing Pivot

Last swing pivot breaked at 109$

Snapshot

2) RSI in the middle zone

Many space up and down too.

Snapshot

3) Squeeze indicator

On my squeeze indicator "prepare for storm" sign.
This in dicator I'm using for predicting any significant move in near future.
See examples in the past.

Snapshot

CONCLUSION


LONG CALL VERTICAL AbbView Inc

  • Max profit: 120$
    Probability of Profit: 64%
    Profit Target relative to my Buying Power: 31%
    Buy Power: $380 ( max loss without management)
    Max loss with my risk management: ~ $140
    Tasty IVR: 6.9
    Expiry: 66days




*Buy 1 ABBV May21' 100 Call
Sell 1 ABBV May21' 105 Call
Debit call spread for 3.8 debit


Stop/my risk management: Closing immediately if daily candle is closing below $103.8

Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 3.85 credit)


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Anmerkung
What a tricky instrument :D
Unexpected gap from nowhere.

Updated bottom trendline (more realistic now), watching the close prices.

Snapshot
Trade geschlossen: Ziel wurde erreicht
Target reached. Take the profit and run away at 4.4cr, 60$
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