Saw tiger reaching 6.5 levels and decided to sell puts there. The good thing is I'm glad I followed my original plans to not just sell puts weekly but to wait for the right price first.
I'll be watching these key levels but if the China Market continues to pump, I will be betting that there will be a new floor for this stock around 7 -7.5.
Market is in panic right now so proceed with caution.
Selling puts is a bullish strategy, for those of you who own stocks, selling calls might be a safer hedge for you in this market.
Im still in the red for my NVDA calls, but I plan on still holding, I'll keep you guys updated.
@CaptainTiger @TigerTradingNotes @TigerWire @Optionspuppy
Comments
Other helpful links: