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FTSE weekly option call trade

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Ftse has been oversold, this is buy the dip strategy.It has worked many times in the past.Price action on both Dax and ftse looks good.No bullish confirmations yet.

 

 

Buy week call option 7360   for 63.3, risk of loss 63.3   , profit above  7423.3.Target 150 ticks profit

 

https://community.ig.com/t5/Indices-and-Macro-Events/FTSE-SYSTEM/m-p/21962#M2094

 

ftse.jpg

 

FTSE.jpg

 

 

 

 

 

 

 

 

 In regards to the  analysis, no representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. IG  or original poster accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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