Apr/2023 Plan for YINN.
Updated
Plan A: Sell Put Option $35 monthly (4 weeks ~ 30 days) to earn premium income 4-5% the collateral fund.
Plan B: I'm willing to hold YINN $35.00 for long term and write cover call to earn 4-5% premium income every month + dividend income.
$35 is the Order Block (OB) level in the Weekly TF.
Plan B: I'm willing to hold YINN $35.00 for long term and write cover call to earn 4-5% premium income every month + dividend income.
$35 is the Order Block (OB) level in the Weekly TF.
Note
Price keep boucing at $36.85 level. Sell put option $35 to collect premium.... I am willing to buy long term at $35 level.Note
Friday 05/26 - YINN closed at $33.65. I am currently down on my sell put option $35. I will need to exercise my option if price is not close above $35 on June 2nd. This is in my plan. SO I am happy for doing so.
Note
06/02/2023 - Price closed at $35.49 - so I still keep 100% premium without exercising the option. Fri 06/02 candle show reaction at the OB level. I purchase 200 shares at 35/shares and sell put 1 contracts at $30 to earn premium and DCA if price ever when down to $30 level.
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.