Selling puts for premiums at 17.5 strike which is around the top of the weekly Ichimoku cloud, will manage the position according to price action. Price is back testing support levels and I'm still bullish on this position.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 0.80 10Lot(s) | -- Closed |
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- Wade Shaw·09-18TOP17.5 strike at cloud top—what if support breaks below cloud?LikeReport
- Phyllis Strachey·09-18TOPIf OSCR drops fast, will you roll the put down/forward?LikeReport
- EltonRichard·09-17Sounds like a solid plan! Keeping an eye on price action is key to managing risk effectively.LikeReport
- Jo Betsy·09-18Sell put but set stop-loss; don’t rely just on price action.1Report
