In the daily chart, price seems to be reacting to 50 moving average. The stochastic is also oversold. Looking to the left, the next low is $327. Hence, i am taking the view that price may move up or stay sideways for the coming weeks. I decided to take an early entry of this bull put spread.
As long as price stays above 325, this trade is profitable.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Open | -1.17 1 | -- Holding |
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- Mortimer Arthur·11-05TOPDownward pressure continues aftermarket last posted $1.38 on the downside. I’m starting to believe we may see the share price get below $300. If so, I’m be all in.1Report
- NatalieTommy·11-01Seems like a solid strategy! Monitoring those key levels could really pay off.1Report
- Merle Ted·11-05Ai and tech crashing will see all value/defensive plays get to their normal growth course. Undervalued assets like unh will be bought heavily.1Report