Selling puts on a really red day, finally prices are retracing back. 19 is at 100 day MA/ 20 week MA, further support sits at 17.93 is the 200 day MA.
Recent price action has rebounded from 200Day MA, but I'm hoping it doesn't go there. 19 has been the level of resistance / support over the past year or so, hence betting that selling puts here with high IV should do well, especially with a shorter DTE of 2 weeks.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.00 5Lot(s) | -36.00% Holding |
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- Jim1995·07-03 00:22TOPI sold puts near 19 too, same logic. 2 weeks is spicy lolLikeReport