I often refer to the levels we map out on a stock’s chart as rungs on a ladder. These are the important prices for a stock that will either help it climb higher, or lower. They can offer us a bit of a road map on what prices to trade at, and more importantly, which direction to trade.

Our stock today has well-defined levels that help us identify our opportunities for high probability trades. Airbnb (ABNB) seems to be making its way down that proverbial ladder and has naturally caught our attention. As you can see by the video below, the stock is somewhat guiding us in what trade we should make.

Be sure to watch the video so you know all the levels my students and I are looking at for a possible trade in The Profit Machine, my options trading education community.

Learn more about our favorite stocks and setups when you join my students and I in The Profit Machine. Every week, you will get exclusive access to all things option trading, from the stocks I trade the most, and the setups I look for when trading. The best part, you’ll receive all my trades every step of the learning process, so not only will you get a world-class education, but you’ll also earn while you learn.

Get a jump start on your options education and put yourself in position to win in 2023. Sign up today! Until then…

Good Luck!

Christian Tharp, CMT