Strat 9: CMG 725-727PT, 737.5 Put
(1) SL at Strike price
(2) Price Action breaking down toward the green MA, similar to SHOP
(3) Risk Reward: 1:10
(4) The main reason for the naked puts are because the VIX is up, SPY staggering, and strong down trend, plus quick retest to prev swing low ever 2-4 days
(2) Price Action breaking down toward the green MA, similar to SHOP
(3) Risk Reward: 1:10
(4) The main reason for the naked puts are because the VIX is up, SPY staggering, and strong down trend, plus quick retest to prev swing low ever 2-4 days
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