Aug. 3 at 7:51 PM
Based on this chart I posted last week (and below) of
$QXO , I’m executing a Buy-Write trade today. Buy at just over
$14 and sell the two week Call at
$16.50. Note on the first chart there’s support between
$13 and
$14, and that there’s a resistance line currently sitting at
$16.50. Also note on the second chart that the probability of success for selling the Call is 84%. My expectation is that QXO will move higher, but not enough to trigger the Call.
At least that’s the plan