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Good morning,
The best trade right now that I can see is DWAC. I believe it lands in the middle $20’s so selling call spreads and buying puts is my focus.Â
I own the bear call -$32 / +$34 for $.60 expiring February 2 and just bought the $35 put as well, for $5.30 expiring February 9.Â
It’s possible DWAC bounces to the upper $40’s at some point. I’m basing that thesis off fibonacci but in this case, it’s also likely there is no retest and it’s under $30 before the weekend.Â
What you see on the chart is Keltner Channels and the line at the bottom is the mean around $27. I think it will go below that level soon.Â
I’m really focused right now on trying to make sure my trades are well thought out and have high odds of making me money. I think doing less trading, focusing on only the top setups is going to be a great way to move forward in Jason Bond Picks.
Thanks for reading.
Jason Bond
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