Purchased 110 July 8th $110 puts. Overbought on many daily/ weekly indicators including weekly rsi of 90!!! 95 stochastic, to Bollinger band pierced.
Note
Added 10 more puts on this mornings pop. Total 120 puts looking for retracement to $105 or under.Trade closed manually
Closed trade on this mornings drop, ultimately I feel this can go lower. However in my experience when the market is down 850 points in the first 90 minutes of trading we often get a bounce. Closed trade for 35% profit on my 120 puts
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.