BIDU has been pulled back from 188$. I expect it would start to bounce back from the trend line. Setup the position by selling a put spread.
Position:
Short June 170
Buy June 165
Premium: 1.05$
Target: 50% of the premium.
Breakeven, 168.95$
PoP: 71.35%
Position:
Short June 170
Buy June 165
Premium: 1.05$
Target: 50% of the premium.
Breakeven, 168.95$
PoP: 71.35%
Trade closed: target reached
Closed the position at $0.48.Profit is $0.57 per contract.
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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.