![](https://www.optionsandtraders.com/wp-content/uploads/2020/05/PhotoReport-1024x768.jpg)
Hey guys!
I want to talk about the awesome fish hook indicator again!
Take a look at this chart:
![](https://www.optionsandtraders.com/wp-content/uploads/2020/05/pfe-1024x754.png)
This is what I saw on Monday 5/11/20.
PFE was at $37.23 when I entered the trade. I purchased three $37.50 Calls with the expiration date of 5/15. I was anticipating a day trade as the yellow line was about to cross the purple line.
This is a simple fish hook pattern.
If you do not remember the fish hook, bad news hits the market.
Then there is a lot of panic selling , the panic selling slows as buyers purchase the dip. Eventually the stock price pops up again!
This is the outcome of the day trade:
![](https://www.optionsandtraders.com/wp-content/uploads/2020/05/Screenshot_20200511-151018_Robinhood-485x1024.jpg)
I made a 210% winner! I turned $120 into $252!
This isn’t life changing, but imagine taking a 210% win on $1000 and getting $2100 in return! I am sure that would make your day!
Now, if you didn’t learn TTM_Squeeze and you held your position for another day, you would have loss money.
This is what happened:
![](https://www.optionsandtraders.com/wp-content/uploads/2020/05/pfee-1024x749.png)
Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.
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Disclaimer:
I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.
– Ken