Given that the broader market meets our rules for entering new trades, I'm looking for new Chaikin buy signals, and POW!!! I got a pretty good one this week. ( I entered the trade Tuesday, simply because my order didn't fill Monday)
United Health Care, looks pretty... healthy. Ha!
I really like the set-up on this trade. If there is one thing I don't like about thew timing, it's that the name has earnings on July 19th. We generally don't trade within 30 days of earnings. As we get closer to an earnings anouncement IV tends to run up, but implied volatility hasn't really began to do that here.. yet.
I'm satisfied with my homework on this trade, and I decided to pull the trigger. I entered this trade on Tuesday 6/21 in my paper money account.
BOT +41 UNH @138.58
Happy Trading ,