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Echo Trade Entry – XOP
Buy $105 Nov-19 calls $5.15 (plus or minus $0.15) OR buy shares. XOP has a nice echo setup, oil futures have that longer term bullish setup I talked about in the session yesterday. Target 1 $106, Target 2 $109, support below the lows monthly pivot around $93.
You are welcome to use different strikes, expiration, or even directly use stock.
Buy $105 Nov-19 calls
$5.15 (plus or minus $0.15)
Target 1 $106
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.