CBOE (CBOE) – Bullish DailyPlay for Thursday Nov 15th, 2018
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