SYMBOL: SMH CALL / PUT: CALL STRIKE: 175 EXPIRATION: 20 NOV 2020 ENTRY: PRICE RANGE $10.20 or better TARGET: $15 STOP: $9
*NOTE: The Federal Reserve is meeting this week and they release their statement along with a press conference Wednesday at 2 p.m. Eastern. What the Fed says has the ability to drive the markets higher or lower. One way to protect risk is to tighten stops over the Fed announcement or even wait until Thursday to eliminate the potential market volatility Wednesday afternoon.
*Keep in mind, these are not hard stop rules. You can always chose to exit trades early or stay in trades longer.