Echo Trade Entry – YETI
YETI has been on a pullback and sideways consolidation for a few days. Support zone down to 96.50 area. Target 1 at $107 and target 2 at $109 area. We have resistance to clear at the 103-103.50 area, so be on the lookout for failure to go higher in that area.
You are welcome to use different strikes, expirations, or even directly use stock.
Buy $105 SEP-17-21 Calls
$3.00 (plus or minus $0.10)
$103 – $103.50
Target 1 $107
Target 2 $109
If this is your first echo trade I strongly suggest watching the masterclass for proper trade sizing in your account BEFORE taking the trade.
Daily Profit Publishing and Rob Booker do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor. We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.