The stock has been in an uptrend for the last year and appears to be ready to continue that trend.
I like to see stocks that are in a strong uptrend, and the longer and stronger, the better.
My exit strategy is somewhat unique. Using it will make it more likely that your trade will be profitable.
Many option traders do not understand the theory behind the Black-Scholes model. The actual idea is quite simple.
Phil McDonnell explains that a calendar spread is a relatively low-risk trade which seeks to profit from the different time erosion values of options with different expiration months.
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