In the daily chart, price looks to react to the support level of about $275. The stochastic is at oversold region and looks to move away from there. Hence, I have decided to open this bull put spread. I plan to exit if price reaches $295, or price drops below $275.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.25 1 | -- Holding |
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- Mortimer Arthur·07-23TOPACN losing market share to PLTR. PLTR has embedded Tech's with each companies rollout of their AI software. Way ahead of everybody else.1Report
- AlvinBell·07-22TOPSounds like a solid strategy! Sticking to your exit plan can really pay off.1Report
- Venus Reade·07-23TOPIt will be back to 304, if sustained and close above, 322 easy target1Report
- CINDYTAN·07-22[Happy]1Report