CAUTION: DO YOUR OWN RESEARCH AND ANALYSIS BEFORE ENTERING INTO A
TRADE IN ADDITION TO THE INFORMATION PRESENTED BELOW AND IN VIDEO.
Wow, the market really sold off after making Part 1 of this video presentation. This selloff also impacted the price of COST, although the price was still positive for the day at market close. I updated the Costco chart shown below and provided additional details on the call options purchased. Some of our more experienced option traders may want to consider entering more complex option strategies. Since many of our subscribers are new to trading options, we selected directional calls for this option trade. The information is provided in the chart regarding option selection.
Good luck, Trader_Joe
Good luck, Trader_Joe