DiscoverGold
3 weeks ago
$AMZN When prices are making higher highs, but momentum indicators like the RSI are making lower highs, that's a red flag
By: David Keller | June 13, 2024
• When prices are making higher highs, but momentum indicators like the RSI are making lower highs, that's a red flag. We've seen the $SPX making new highs, but momentum isn't as strong as it used to be. $AMZN and other companies have already shown these signs.
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DiscoverGold
Chartmaster
2 months ago
Yeah, it's a weekly May 10 expiration, it'll be worthless under 185 after May 10, but you can buy any time frame you want, I like the shorter term exp for earnings release bets, and longer term, 3 months out, for chart breakouts
Here is a good scale to limit risk and keep you from getting too crazy
Stocks trading $10-20 buy 20-30 options for .25-.50 risk is $500-1500
Stocks trading $21-50 buy 10-20 options for .50-1.00 risk is $500-2000
Stocks trading $51-100 buy 5-10 options for 1.00-2.00 risk is $500-2000
Stocks trading $101-200 buy 2-5 options for 2.00-5.00 risk is $400-2500
Stocks trading $201-500 buy 1-2 options for 5.00-10.00 risk is $500-2000
Stocks trading $501-1000 buy 1 option for 10.00-15.00 risk is $1000-1500