Bought 2 dec 25 calls for 3.50. Sold a sep atm put vertical to finance it. Wallstjesus Bull Sweeper Holding if price establishes balance above monthly VWAP. If we beet below my short strike I’ll look to manage.
Pivot range is higher trend & wide but price is opening the month below. So I expect to see some sideways trade in this one. Just looking to take advantage of price structure & sume bull sweeper action on this idea.
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SFIX relative strength today and holding prev Month's Low. 10 dte for put vertical to expire financing the dec LEAPS. This one still needs to see some energy into the pivot range for the month. But a sector rotation with stronger retail should help this one out.
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Early rejectoin into the pivot range. If 22's don't hold I'll look to sell a call vertical above to limit downside on these LEAPS.
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Previous Month's Low & Close continue to be the absorption zone. Strong action today, would like to see further strength into the pivot range as we get deeper into the EMA's. Put Vertical is 8 dte with 1.00 left to come out in premium if we stay above 21 strike.
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Strong day today pushing into the bottom of the pivot range. I'll be watching 25 for acceptance or rejection into the pivot.
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Closed Short Put Vertical for .50 credit. Premiums in this one staying rich, so I took in my $100 and will apply it against my basis for the LEAP.
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Closed above the Pivot Point. Will watch for rejection anywhere into 26 and my cut half position.
Trade closed: target reached
Closed 2 Dec 18 25c for 4.40 credit.
Overall Profit of $310 for Long Call & $94 collected on vertical.
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