TRADE IDEA 1/29/18 [CAT]
This is an idea, not financial advice.
With the State of the Union address nearly upon us, Trump may try to sell his $1T tax "infrastructure" plan--aka stimulus-- to the Congress and the US.
Looking at the chart, CAT made a nice bounce off of a previous pivot low. A good entry point is somewhere closer to the low of yesterday's candle near the first line of support.
I'll be looking to buy March 09-18 weekly calls with a strike of 162.5. (monthly options are kind of expensive) Risk is kinda low but I'd like to buy in with an underlying price of 160 area. Stop should be set at 159.6, or below the hammer established today. Target price $180.
All cats have claws, and all except the cheetah sheath them when at rest.
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A healthy cat has a temperature between 38 and 39 degrees Celcius.
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