Echo Trade Entry – C
Buy $75 SEP-17-21 Calls $0.55 (plus or minus $0.05)
C has been in a multi-week correction and looks like it has a setup to breakout higher. Resistance above at 72.50 area, support below down to the monthly pivot and confluence of some bigger echo pullbacks at $67.70 area. Target 1 at $76 and Target 2 up at $78.
You are welcome to use different strikes, expirations, or even directly use stock.
Buy $105 SEP-17-21 Calls
$0.55 (plus or minus $0.05)
Target 1 $76
Target 2 $78
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
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