wounsel

Honeywell ( $HON ) possible double bottom?

wounsel Atualizado   
NYSE:HON   None
I'm looking into $HON providing a double-bounce on the daily chart. Linear Regression and the Regression clouds show it is below value, but I have not checked for catalysts. This one's on my watch list.
Trade ativo:
Honeywell stock has increased -- gapped up today slightly, and increasing it's rise. I've opened a position with a couple of 5/18 $148.00 calls that I plan to sell once the stock reaches my price target of $147.00.

I don't know if we'll see $148 by end of week or not, so I'm going to jump ship if my PT is hit or time decay of my calls starts to drag down my returns.
Trade ativo:
Looking for exit.
My calls are expiring 5/18 and I plan to close my position today ( Friday 5/11 ). Currently $HON closed at $147.30 and I'm o.k. taking profits at this price. I'll likely sell my calls within the first hour to close out for the weekend. Nice profit made. I have a small portfolio and this was a fun learning experience that helps affirm the potential of the chart pattern I've been studying.
Trade fechado: objetivo atingido:
Closed my 2x $148 5/18 Calls at a limit price of $1.01 with an initial purchase price of $0.57 for a total gain of $88.00.

I'm happy with that, given that I'm unsure of the near-term future of $HON 's price. It hit my $147 PT but didn't immediately seem to want to climb to $148, so I'm o.k. stopping here.
Aviso legal

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