Short Strangle AVGO
Updated
As of Thursday 7/12, I've entered into a short strangle 185/230 @ Sep 21 expiration for a net credit of 8.24 in hopes of managing at 50% max profit. Strike selection was a bit on the aggressive side, but saw a double fibs on support and resistance levels outlined in the red and green rectangles, and think that realized volatility is likely to contract over the following 6-15 trading days from initial execution.
Note
this trade was taken off for a win
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.