Some of you may remember that I utilize a proprietary tool in Optuma Software called Optex Bands, created by Mathew Verdouw CMT,CFTe. They are an adaptive indicator of potential overbought and oversold levels based on market profile. For more information about how they work I suggest contacting Optuma. In fact, I highly recommend this platform to anyone serious about markets.
That aside, every so often you get a very clear buy/sell signal from Optex Bands. Now is one of those times. Look at the level of oversold here. Compare that to what the stock did last time $FITB achieved such a level of oversold back in 2016:
Good things man. For this reason, I am long of FITB June 31 calls in Humpday terms.
Get some.
OC