Level 1 is a data feed display used for stock trading that shows the national best bid and offer or the best bid-offer volume quotes in real-time (NBBO). Although active traders prefer to use more detailed and higher-level quotations, such as order book and market depth information, level 1 quotes provide basic information that, for the most part, is sufficient for most investors. There are three levels of quotes in the American stock market: Level 1, Level 2, and Level 3. An investor can examine these quotes to understand where the market is consolidating as well as how a particular stock is performing over time.
The market has been range bound for the last few weeks with volatility on the decline, and earnings all over the place. So where to go to look for a trade? Nike has already had Earnings and is near a low of the year, so seems like a good option. As a contrarian that can mean only one thing to me: I have to make a trade with the assumption it will go up from here over the next 45ish days. We will do that by making a Long Call Vertical trade to bet that it starts to head up over the next couple months. For more on my trading and how to join me in real time, see below. Watch the video to get the details. Kal Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All tr