I opened $ADBE CUSTOM 240726 PUT 490.0/PUT 495.0$  ,In the weekly chart, the MACD has turned positive and a bullish candlestick had moved above the recent down trend line. This suggest a potential up momentum. I assessed that the support level is at $495 , based on past candlesticks swing high and low. In the option chain, the delta is about 0.22 for strike price $495. This may suggest a probably of 22% for the price to reach $495. Hence, I have decided to enter this trade. As long as the price stays above $495 before expiry, this is a winning trade.
ADBE Vertical
06-21 02:44
US490.0/495.0
SidePriceRealized P&L
Credit
Open
-1.00--
Holding
ADBE CUSTOM 240726 PUT 490.0/PUT 495.0
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  • jazzyxx
    ·06-21
    Nice analysis and trade entry! [Smart][Heartbreak]
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  • Aqa
    ·06-21
    👍🏻 Liked and shared.
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  • Kashcash
    ·06-23
    👍👍👍👍👍
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  • eo1668
    ·06-23
    Good 👍
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  • Kashcash
    ·06-22
    👍👍👍👍👍
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  • fcloi
    ·06-22
    ok
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  • 3607aac3
    ·06-22
    1
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  • eo1668
    ·06-22
    okok
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  • 59452e37
    ·06-21
    1
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  • 33Serene63
    ·06-21
    👏 keep it up
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  • Good
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  • 88
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  • KSR
    ·06-21
    👍
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