Put simply, delta .70 calls would give a buyer 70 cents of exposure for every $1 movement in the underlying stock and represent a cautiously bullish bet that the stock could move higher in the long term, but face some pain in the near term. Put credit spreads also express longer-term bullishness by letting traders bet on a measured rise in the underlying stock.
"As I look at charts like Regeneron, you've had a nice long-term downtrend reversal, which you can see there on the chart, but then you look at where your overhead resistance comes into play and you might see this stock move up toward maybe 520," Johnson said. As for Campbell Soup, the technical analyst said the stock had gotten "ahead of itself" in recent weeks, particularly given its overbought conditioned, circled in the "relative strength" portion of the below chart.
SidneyPowell1 TradingNation Very interesting....
TradingNation I’m on e*trade. Buy Buy Buy!
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »