I opened $ACN CUSTOM 240621 PUT 295.0/PUT 300.0$  ,Weekly charts shows a recent candlestick touches the 200 moving average (approx $299). A bullish candlestick was then formed. Stochastic seems to show signs of moving away from the oversold region. I think the probably of price going up is there. Hence, opened this trade with the strike price at $300.
ACN Vertical
05-08 23:20
US295.0/300.0
SidePriceRealized P&L
Credit
Open
-1.20--
Holding
ACN CUSTOM 240621 PUT 295.0/PUT 300.0
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  • should use buy call spread instead?

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    • AyKing
      I choose Bull Put spread so that i may still be profitable if price moves up or moves side ways, as long as it does not goes below $300 at expiry.
      05-09
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  • chizzoo
    ·05-09
    Good luck!
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