Selling another set of puts at support level of around 17.5, where price is the confluence of two sets of charts - 17.5 sits on top of weekly Ichimoku cloud and it's also where the Gann arc/ line on the 4H chart lies. Other support levels such as the weekly Ichimoku base line at 18.30 should serve as more support as well.
Taking advantage of the higher IV and premiums due to the earnings call week to sell puts on a shorter DTE but also cautious and watching closely.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.90 10Lot(s) | -- Closed |
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- SteveWatson·10-28Sounds like a solid strategy! Those support levels could really cushion your position.LikeReport