Sold put at 18 for 2 weeks - price closed right above 50, 200 day MA and also the 50 week MA, after breaking out of this level and is currently backtesting it.
Price is forming higher highs and higher lows after hitting the bottom in the 14s, daily MACD line is trending upwards while the on weekly it's turning flattish and flipping upwards soon, signalling towards a bullish trend upwards.
Bullish price targets are currently being thrown around by smart money is usually a signal where they are more or less done accumulating and are trying to squeeze the price higher and introducing FOMO to retail traders. (In my opinion)
More catalysts coming up for this stock and I believe in the execution prowess of this company! More good things to come!
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.20 10Lot(s) | -12.50% Holding |
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- kookieman·09-24 07:52TOPDaily trend looks better, but weekly MACD has not really confirmed yet. Selling the 18 put works if that backtest holds, otherwise premium gets thin fast1Report
- Hakunayourtatas·09-24 19:23I might look to get assigned on some of my other puts expiring soon, am treating this backtest as an opportunity to accumulate shares for the longer term [Miser]LikeReport