TopOptionAlert
Oct 22, 9:47 AM
$PLTR NOV20 210C · still actionable
Zone:
$200.31 to
$203.13
Invalidation: close under
$189.88
Objectives:
$212.94, then
$225.93
The math: up 5.6% to the first objective and 12.0% to the second, against 5.9% risk on the invalidation, better than 2 to 1 to the second
Dear friend, picture a stock that took a hard fall last week, then walked back in yesterday and closed at 201.72, up 4.7 percent, after buyers defended 189.88. That low is the whole story for this swing setup, because as long as price holds above it, the road back toward the old high at 212.94 stays open. Earnings land on November 2, which means this contract gives the move time to work before and after that date, instead of forcing everything into one rushed week.
P.S. Watch 202.55, the high from yesterday, because a close above it would be the first sign buyers are reaching again.
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