$COST trade update

(Click chart to enlarge)

(Click chart to enlarge)

We took a long position in the AUG 115C at 2.55 on Tuesday, and we are currently holding the full position at 3.30 (3.6 HOD).  Costco broke out today above 116.88 and had a high of 117.70 for the day.  MACD remains bullish, but the RSI on the daily is in overbought territory (81) so we are using a trailing stop and will add back on dips.

 

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