Feedback on long call strategy
Hi - I'm new to option trading but I have been learning (here, fidelity classes/webinars, online, chatGPT). I'm not sure where to find feedback on my strategy, which applies what I have learnt so far, so I'm trying to ask here.
I think there is a trend for $INTC:
Technical analysis: any feedback?
My take is the trend is positive, we are at the third higher low, based on a time cycle and the 200d MA, I expect the price to rebound to $28 around xmas. Feedback on my technical analysis?
Is it worth it?
Based on the P/L analysis above, I can take a $400 profit with an investment of $150, give or take. I selected an expiration that has enough time value for such a medium range trade (usually 4-6w?), which allows for some delays. Eval price is the expected price and the DTE is set to 12/24. Am I doing this correctly? Feedback?
Thank you