Rolled puts expiring this week at 19 strike for another 2 weeks to milk more premiums out of this. Am expecting a potential retracement back to 16s where the 20 day MA lies after this recent violent move upwards.
Market moves in waves - so a backtest of support levels to form a higher low should be seen as a healthy retracement for more opportunities to accumulate, before a higher move upwards.
Support: 16.6, 17.94 (0.236 fib - from 30.14 highs to 14.18 lows)
Resistance: 18.41, 19.16, 20.69
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.80 10 | -- Closed |
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- JackJackson·09-09 22:34I’m watching 16.6 too, but my fibs land 0.382 closer to 16.9 on the weekly. That zone feels more important if this thing wants a clean higher low1Report