I opened 4 lot(s) $ALB.HK 20251230 60.00 PUT$  ,

Selling Baba puts at support levels in my theory. Looking to take profit at ~50% in time to come. 

This support Level has been pretty strong for some time

ALB.HK PUT
12-03 10:06
HK20251230 60.00
SidePrice | FilledRealized P&L
Sell
Open
1.88
4Lot(s)
-22.34%
Holding
ALB 251230 60.00 PUT
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  • DeltaDrift
    ·12-03

    Why not buy a call or another put to cover out downside risk…? Great insights on the technical part anyway.

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  • zippyloo
    ·12-03
    Sounds like a solid strategy! Keeping an eye on support levels can really pay off.
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  • JackQuant
    ·12-03

    its wise to take profit and buy call from the strong support 😎

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