In the daily chart, price looks to be at a support level and william%R is at the oversold region. The next support level looks to be around $555. So, I decided to open this bull put spread with the outlook that price to stay above $560 at expiry. This trade is before the earning announcement on 20 Feb. So, I can "safely" say that there is no earnings risk.
Happy trading 😁
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.08 1 | -- Holding |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- quiettt·01-20TOPGreat strategy! Love the optimism! 😁👍1Report
- DeltaDrift·01-20Nice capture of this opportunity.1Report
- Aqa·01-20Thanks for sharing. Good strategy.Liked and shared.1Report