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Small Premium but Big Profits in $UTX
In our Lighthouse Point Platinum option trading service we covered the consolidation in United Technologies ($UTX.) This signal was based off of a consolidation pattern formed by upward sloping support and downward sloping resistance to forma triangle. Our main signal was from the combination break of the lower support line and the break of the […]
In our Lighthouse Point Platinum option trading service we covered the consolidation in United Technologies ($UTX.)
This signal was based off of a consolidation pattern formed by upward sloping support and downward sloping resistance to forma triangle.
Our main signal was from the combination break of the lower support line and the break of the 50 day Simple Moving Average.
This was almost a textbook example of how a stock breaks a support line from a consolidation.
Our initial targets were pretty clear with the recent support and then the 100 day simple moving average. Subscribers were able to roll at the initial target and some continue to hold as the stock is still trading around the 100 day SMA for a potential larger move down to the lows of February around $123 area.
Subscribers stated they were able to get anywhere from 70 to 230% returns. This mainly comes from the lower premiums from lower volatility. The low premium puts that were purchased increased as the stock IV increased and the stock dropped!
