ERX calls – Your Bullseye Pick of the Week - Bullseye Pick of the Week

My Trade Plan Details:

  • ERX Dec 1, 2023 $59 calls near $1.00
  • Stop: Close under $54
  • Target 1: $59
  • Target 2: $62

My Reasoning:

Today, I will be looking to start a position in ERX with the option contracts listed below, hopefully near my target entry price.

I plan to make a half-sized position and leave room to add to this before Wednesday if the chart is still looking promising.

Keep your eye on those app alerts if you want to see when I am getting in and out of the trade during the week!

If I am wrong, then I will look to stop out of my position for a loss if ERX closes under $54.

If things go my way, I am looking to take profits near $59 and possibly even $62 as my target #2.