TopOptionAlert
Oct 22, 9:36 AM
$RCL NOV20 300C · still actionable
Zone:
$286.43 to
$290.47
Invalidation: close under
$283.25
Objectives:
$305, then
$320
The math: up 5.7% to the first objective and 10.9% to the second, against 1.8% risk on the invalidation, better than 6 to 1 to the second
Dear friend, picture a ship that has already left the dock and is picking up speed, because that is how this swing setup feels to me. Royal Caribbean closed at 288.45 after holding above 283.25, and the earnings report on October 27 is the next port on the map, which means buyers have a real date to position for instead of just a hope. What that means for you is simple. If price can push through 296.95, the road toward 305 opens up, and the November expiry gives the move time to work even after the report is out.
P.S. Watch 296.95 on a close. That was the high on October 20, and clearing it tells you buyers mean it.
0 replies