Looks to respect the channel
Just gonna play a bearish put spread of some sort
Broad market somewhat weak
Options markets are wide in this stock and therefore suck, but i think it's worth the fight to get filled.
I'm long the April 290 puts and will sell another strike against those before end of day to leg a debit spread of some sort... not sure what yet.
Depends on whether I'm +\- by end of day because if it were to drop enough today i'll just take it off
Worst case scenario it breaks above the channel in a dramatic way and I'll have to address that
Just gonna play a bearish put spread of some sort
Broad market somewhat weak
Options markets are wide in this stock and therefore suck, but i think it's worth the fight to get filled.
I'm long the April 290 puts and will sell another strike against those before end of day to leg a debit spread of some sort... not sure what yet.
Depends on whether I'm +\- by end of day because if it were to drop enough today i'll just take it off
Worst case scenario it breaks above the channel in a dramatic way and I'll have to address that
Note
Sold the 290 weekly puts to reduce delta risk and steal a little theta overnightHope i don't regret not closing it outright
So now i'm long the April 290s and short the weekly 290s puts
Note
all closed around open, filling spreads in HD is like pulling teeth, options lack liquidity
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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.