mster
10-07 18:04

$LLY 20270115 1140.0 CALL$ Traded the technicals on Eli Lilly ($LLY) after tracking its massive intraday swings over the last few weeks. We’ve seen single-session expansions as high as 5.17% (a massive ~$60 range), which opens up incredible short-term windows if you time the entries right.

The Strategy:

* The Entry: Waited patiently for the share price to dip down toward the support side of its current ascending channel.

* The Exit: Locked in profits cleanly as soon as the price bounced and hit key overhead resistance EMAs.

In and out in just 2 days. When a high-beta large-cap moves this fast, sticking strictly to the daily levels makes for a highly tactical—and exciting—trade.

On to the next setup! 
LLY CALL
10-06 21:56
US20270115 1140.0
SidePriceRealized P&L
Sell
Close
114.00+22.56%
Closed
Eli Lilly
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  • cutzi
    ·10-07 18:32
    Clean bounce trade, but that 1140 area still looks like heavy resistance to me. Daily RSI divergence is getting harder to ignore
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