AyKing
05-17
I opened $BABA VERTICAL 240628 PUT 73.0/PUT 78.0$  ,In the weekly chart, price is seen to cross the recent resistance level of $78. The MACD is also beginning to turn positive. In the daily chart, the 20 MA had cross above the 50MA, which signals a positive move. Based on the above, I decided to open this trade with the short put at $78, the delta is approx 0.23.
BABA Vertical
05-16 22:27
US73.0/78.0
SidePriceRealized P&L
Credit
Open
-0.84--
Holding
BABA VERTICAL 240628 PUT 73.0/PUT 78.0
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Comments

  • suthanb4u
    05-17
    suthanb4u
    Hi, please clarify Short PUT. Did you Sold Vertical PUT spread, indicating you are inclined to bullish continuation of the stock?
    • 年年虎: 
      😀
    • AyKingReplysuthanb4u: 
      Yes. Hopefully. But we can never know how Mr market is going to behave everytime. Its a fun game. 😉
    • suthanb4uReplyAyKing: 
      Got it, thanks !!! Hope BABA and HSI does not dissapoint this time. Good luck !!
    • AyKing: 
      Yes, you are correct. I did a bull put spread for this trade. Based on the indicators, i think the price has “good” probability of staying above $78. Therefore, selling Put at $78, and buying put at $73 to protect the downside. Hope this clarifies 😊
  • Snail Trader
    05-18
    Snail Trader
    I agree with your entry. but I might wait for a stochastic retracement before entering, as the price could hit resistance around the 40EMA on the daily chart.
    • AyKing: 
      Currently stochastic is not in the oversold or overbought region. So, i think momentum (up or down) may take precedence. Currently, i think up trend is higher. But i have also noted that the price had move up quite steep in the daily chart.
  • jethro
    05-19
    jethro

    Thanks for sharing 🙏 

    • AyKing: 
      😊🙏🏽 enjoy ur weekend
  • Aqa
    05-17
    Aqa
    Thanks . Liked and shared.
  • 貧民窟
    05-19
    貧民窟
    這篇文章不錯，轉發給大家看看
  • 貧民窟
    05-19
    貧民窟
    這篇文章不錯，轉發給大家看看
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