Young Singaporean company Maxeon Solar Technologies makes solar panels and components for an international market that is facing a deepening energy crisis. Maxeon is found everywhere from Sunpower-branded products, developing projects, system integrators, residential and small-scale commercial customers.
Trying out Elliott Wave Theory combined with a very conservative hedged strategy just in case things go south in this market.
Buying 1 $17.5 CALL
Selling 1 $20 CALL
Selling 1 $5 PUT
Selling 2 $10 PUTS
Exp 3/17/23
Should make up to 10% (26% annualized) but also allow room for MAXN price to fall 47% (to $9.99, or the lowest level on my fibs) before losing any money.
Capital required for this strategy = $2498.30
Trying out Elliott Wave Theory combined with a very conservative hedged strategy just in case things go south in this market.
Buying 1 $17.5 CALL
Selling 1 $20 CALL
Selling 1 $5 PUT
Selling 2 $10 PUTS
Exp 3/17/23
Should make up to 10% (26% annualized) but also allow room for MAXN price to fall 47% (to $9.99, or the lowest level on my fibs) before losing any money.
Capital required for this strategy = $2498.30
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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.
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.