Small position size to take advantage of consolidation
Hi all. I know I said I wasn’t going to trade this week. But I tripped across a nice set up that can pay a nice 100 to 200% ROI by early next week.
PAYX is hitting support but in my opinion will also be capped by our major eMA’s above. If it can hang out between $110 and $120 for the next week and a half, we can make some nice profit.
I’d like to play a short term PAYX Jul15 $110/115/120 call butterfly if I can get it for $1.80 or less. I’ll only do one contract as an “all in play”.