BBG has been consolidating for awhile now. The weekly Ichimoku chart looks like it is setting up for a little break out. Therefore, we are going to find a low risk option for this trade. We want it a low risk because we are “jumping” the trade early.
Below is the weekly chart. Notice, the Chikou will be coming out of price bullish by end of this week/next week.
Here is the option we are looking for. We are going to try for 0.30/contract. If not, you can try 0.35/contract later.
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