My Trade Details:
- FNKO Jul 15 2022 22.5 Call near $1.40
- Target 1 : $25
- Target 2 : Trailer
- Stop : close under $21
Options Up Over 150% on entry
FNKO – Bullseye Pick Of The Week - Bullseye Pick of the Week
FNKO – Bullseye Pick Of The Week
As you can see from the weekly chart, this is in a very bullish setup right now.
I have no reason to believe that it will break down, but I am also preparing for that possibility.
How am I going to trade FNKO?
Buy FNKO Jul 15 2022 22.5 Call near $1.40
I am going to place my stop on this trade just under $21.
On the upside, I want to sell half around $25 (which has been previous resistance) and then save a piece in case it breaks out higher from there.