The bullish DailyPlay we chose for Thursday, Nov 15th is CBOE (CBOE). CBOE is part of the Financial Sector (XLF). Over the last month, XLF has experienced a 1.42% move lower and its 1m and 6m trend have turned neutral and bearish on 11/9 while bouncing higher off its $26 support and oversold levels.
CBOE’s 1m and 6m trends turned bullish on 11/13 and recently bounced higher off its $108 support. With a technical score of 8 (out of 10), CBOE is a bullish stock that will likely continue higher.
As a stop loss, if CBOE was to trade below $108 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Learn to Trade Options: Maximizing Profits w/ Debit & Credit Spreads – Thurs 11/15 @ 4:15PM EST