Carnival Cruise Income Strategy

I am watching CCL. The trade plan is to scale into my position. planning on buying small share amounts daily until the price gets into my buy zone which is $14.00-$14.48.(where i plan i buying in blocks of 50-100 shares) $14 is a solid support for this stock and don't see any reason to keep the position if we break 2-2.5% below that. there is potential upside to the $18.80's That is POTENTIAL upside of 29% Also keeping an eye on the 19.54 resistance for a momentum breakout if we can break it. During the mean time i will be selling $20 covered calls (1 contract for every 200 shares i hold). i will selll the shares not committed to the options(covered call)[which would be half my position] if we get to the 18.80's

Carnival will be reporting at the end of the month so keep an eye for this to move as we get into the busy season for the carribean.


#coveredcalls
#options
#CCL
#s&p
SPY
Beyond Technical AnalysisChart PatternsTrend Analysis

Auch am:

Haftungsausschluss