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.
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Comments
Thanks for sharing 🙏