In the daily chart, Current price level looks like reach a support level and is moving up. The william percent R is showing the price is at oversold region. So, I am keen to open a bull put spread. I have chosen the short put strike at $120 because this is about the 200 MA. The tentative earning announcement is scheduled on 26 Feb. Hence, I have chosen the DTE of 28 Feb, with the plan to close this trade before earning announcement.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.14 1 | -- Holding |
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