Selling a shorter duration call option on vst. Forming a typical PMCC.
This is much higher than the previous 150 short call position I set, which coincides with the current short term resistance. 170 should be the next level that will have quite a bit of sellers according to the horizontal lines that you can draw on the charts. Let me know if anyone needs help to visualize this.
Again, this caps the up side at 170 but the duration is only till end of OCT. Im not saying it definitely wont cross this level but probability of this happening will be relatively low unless there's even bigger news coming out.
Even so, I wont complain if I had to take profit and close all positions. Still decent profits if it comes to that.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.14 2Lot(s) | +12.29% Holding |
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- feelond·10-05 22:42That Oct end 170 short is basically a vol view too, not just a resistance line. If VST chops under that level, theta does the heavy lifting lolLikeReport