@AyKing:I opened $GOOG 20240531 160.0 PUT$ ,GOOG reported good earnings and is well received by the market. While waiting to harvest my another bull call spread setup, I have decided to explore selling put. From the daily chart, $160 looks like a level of support as there are 2 peaks formed recently. In the option chain, the delta is 0.14, which means lower probability of reaching $160. Therefore, I have decided to select strike price of $160 with about 36 days to expiry.
@AyKing:I closed $BABA VERTICAL 240517 CALL 77.0/CALL 74.0$ ,Closed this trade as price has reached near $77 and seems like a bearish candlestick is forming for this week. Manage to achieve ROI of 13% in 3 days. Free breakfast for tomorrow. :)