When OPEN is signaled that is the signal to BUY. CLOSE is typically to take profit or cut at a loss.
This is the stock ticker you should be looking up.
The dollar amount here is the STRIKE price of our option contract! We want our stock to hit the strike as soon as possible.
Between a CALL/PUT we choose to open a CALL option.
Call = Stock Up
Put = Stock Down
Date of expiration for our contracts, make sure you pick the correct date!
Most important is the option contract cost. If the contract is more then 10% of signaled price then skip to the next signal.