In the weekly chart, price action looks bearish and heading towards a support level. I am assuming the next support level is at 50 moving average, which is about 1139. Hence, I have opened this bear put spread with the short put at 1175, for a $15 spread, risking $650 of my capital.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Debit Open | 6.50 1 | -- Holding |
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- BillyWilliams·07-23Smart moveLikeReport