Sold a new put on ACHR as it consolidated with the 20 days, and 50 days MA are closing up with no specic directions.
Strike selected is $9 and expire in 1st Aug.
ACHR seems to be ranging and on the low end of the range. Think the risk to reward is worth the trade for now.
Margins remaining are tight so keep trade positions small.
Have few other open trades on ACHR staggered on different weeks to spread the risk.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.21 1Lot(s) | -- Closed |
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- DeltaDrift·07-14Just mind your risk, and manage capital properlyLikeReport
- AthenaVeblen·07-14That's a smart approachLikeReport
