Not every position we put on has to be a Tesla-esque, TLRY face ripping widow maker. There is benefit in having an account with a balance of some high momentum positions with some slow and steady names as well. The Life Insurance Industry group has been offering up some opportunity and showing up in my scans the past couple of weeks. One in particular is setting up nicely as we speak.
Take a look at Sun Trust Financial who recently broke out and has recently come back in to retest setting up a bullish flag:
Combine the breakout and retest with a bullish momentum divergence and reasonable IV for options purchasing purposes and I think the risk reward is in our favor.
Back with more soon..
OC