LYFT Wedge Break Weekly Options Play

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Description
LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside.
A close > 53.5 triggers a long.

Using A call debit spread, because profits are always limited by time.

Call Debit Spread
Levels on Chart
SL is a daily close back in the wedge.
*Stops based off underlying stock price, not mark to market loss

The Trade
BUY
11/12 55C
SELL
11/12 62C

R/R & Breakevens vary on fill.
The long call is placed ATM for higher chance of profit,
The short call is placed at the previous peak in the wedge.

Manage Risk
Only invest what you are willing to lose
Trade ist aktiv
Very tight, closed at 53.52.
Filled at 1.09.
Trade ist aktiv
Looking good. closed ITM
Trade ist aktiv
Looking for Lyft to close above this trendline today for a successful back-test.
Trade ist aktiv
Very tough decision on whether or not to stay in here, basically closed right on the trendline.
I set a tentative stop @ 53.15 and the close was @ 53.16, although I may not have honored it anyways give or take a couple tenths of a percentage point.
I'd liken this to a coin flip on whether or not the trendline will hold come tomorrow,
this a hold for me though.
Trade ist aktiv
Same deal today, looking for LYFT to close above the wedge.
Trade geschlossen: Stop wurde erreicht
Looks like it won't retake the trendline. if I had not already closed, I would wait an hour.
Filled at .48, -56%.
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