Entry Opportunity

Posted by Joe Duffy | Oct 10, 2023 | Joe Duffy's Trading Advantage | 0 |

Well Monday was the day I decided to see if my patience will be rewarded and I jumped back in on the buy side on the dip early on Monday. I opened Nov 24 call options on both Draft Kings and JP Morgan at the levels shown in the attached chart.

Really not much to add as I had just been waiting for the systems to line up and they did so to my satisfaction on Monday. We have had basically back to back trend days, so not surprising if we now get a two way day on Tuesday. Could even have a reversal day down, however unless it’s really a sharp decline, I think all dips are long opportunities going forward. So far the DKNG and JPM positions are nicely my way.

Thanks,

Joe

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Joe Duffy

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