Today I entered bull call spreads on Lowe’s Companies (LOW) because of the strength I have been seeing in this stock. Below is the time stamped tweet (PDT) of my entry:
I’m aiming to close this trade when the stock is $34+. My stop is on about a -5% move or on a solid break of the $30.25 support area.
The chart above is provided by Livevol. I chose this trade because I wanted to be long the IV since it is at a historically low percentile.
