Terra Incognita
05-21
I opened $FTNT 20240628 57.0 PUT$  ,FTNT: collect 1.05% premium on FTNT after selling cash secured put with strike price at $57 and expiring in 38 days on 28th June. The strike was slightly below the most recent low thus possibly act as temporary support. As of now, FTNT is battling the 150 days MA and 200 days MA lines and could remained slightly bearish bias if it continue to be below those resistance levels. Will monitor how this trade goes.
Trading Order
SymbolSidePriceFilled time
FTNT PUT
US20240628 57.0
Sell
Open
0.62024-05-2122:53:17
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Comments

  • OYoung
    05-22
    OYoung
    The strike price seems strategically placed.
    • Terra Incognita
      Thanks! I tried to find those support levels. Still a game of probability
  • sullivan_Rlo
    05-22
    sullivan_Rlo

    Will you still sell put on this one?

  • KSR
    05-22
    KSR
    👍
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