Here is a great trade made in Kite Pharma (KITE), a clinical-stage biopharmaceutical company. The Ascending Triangle chart pattern shown below can prove to be very strong and bullish. This pattern is just one of many covered in Maverick's curriculum.
There are many different trading strategies available to take advantage of this type of setup in the options world. In this case our trader’s personal Trading Plan directed her to buy a diagonal call spread, taking advantage of possible gains even after reaching a $75 dollar stock price target.
Typically, for the strategy chosen, the risk is the premium paid and our traders aim for a 50%+ return. At Maverick Trading, we pride ourselves on our community of traders. Every week in our live Trading Room, our traders share their favorite new trade setups (like the one above from last week) with all of their fellow Maverick traders.
NOTE: Chart(s) courtesy of FINVIZ.com.
There are many different trading strategies available to take advantage of this type of setup in the options world. In this case our trader’s personal Trading Plan directed her to buy a diagonal call spread, taking advantage of possible gains even after reaching a $75 dollar stock price target.
Typically, for the strategy chosen, the risk is the premium paid and our traders aim for a 50%+ return. At Maverick Trading, we pride ourselves on our community of traders. Every week in our live Trading Room, our traders share their favorite new trade setups (like the one above from last week) with all of their fellow Maverick traders.
NOTE: Chart(s) courtesy of FINVIZ.com.
