AyKing
05-24

I opened $SMCI VERTICAL 240628 PUT 765.0/PUT 770.0$  ,After good results by NVDA, I think SMCI might also be influence positively. Looking at the weekly chart, price seems to have a resistance at $970 and supported by the 20 moving average. Currently, the 20 moving average is at $804. I have also noted the stochastic is going up from the oversold region, which might give a probability of price going up. Looking at the daily chart, the MACD is positive and looks like sloping up, giving a potential of up move in the short term. The recent low seems to be around $766, which gives me an indication of support level. Looking at the option chain, the delta is 0.199 for strike price $770 and delta is 0.191 for strike price $765. Since there is minimal difference in delta, I have decided to enter this trade with short put at $770. As long as the price stays above $770, this trade is profitable.
Trading Order
SymbolSidePriceFilled time
SMCI Vertical
US765.0/770.0
Credit
Open
-1.152024-05-2400:00:24
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  • jethro
    ·05-26

    Thanks for sharing 🙏 

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