We’re Buying Smoke & Rockets

This post was originally for paid members only. It has since been unlocked for informational purposes and does not constitute financial advice.

Today's setups were all about multi-timeframe alignment.

Philip Morris is breaking out of a tight tactical base, peaking through a critical level at the all-time high AVWAP.

This short-term reversal is occurring in the context of a clear structural uptrend.  

After a well-deserved corrective wave, momentum reset, volatility collapsed, and now the stock looks ready for another wave higher.

I bought the $PM 3/20 $175 Calls for $3.50.

With momentum and volatility crossing higher on a weekly basis, going out three months makes sense in order to give this one enough time to play out.

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