Hims breakout imminent
Hims is about to break this descending wedge, and I have marked the supply and demand zones I will be utilizing for this setup. I have added ~ 1000 shares recently and plan on continuing to sell puts and calls. We had a nice reset on the weekly for volatility and momentum. I am VERY bullish since CPI was good as well.
My plan:
When we approach the demand zone (green box) I will sell aggressive cash secured puts 24 strike
When we approach supply (red box) I will sell safe covered calls at the top range
Rinse and repeat
My plan:
When we approach the demand zone (green box) I will sell aggressive cash secured puts 24 strike
When we approach supply (red box) I will sell safe covered calls at the top range
Rinse and repeat
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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.