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Shortput

WOO usdt perp short trade setup Hy fellow traders Greetings from team Trading The Tides yesterday I posted the idea on woo which gave around 12% in profits , we short it then long it , currently I just quit the trade with 10 % profits and now again looking for a chance to re enter in short trade as soon woo breaks the support , if it breaks the previous resistance I am not gonna go long as the overall sentiment is bearish and will not trade on woo . secondly it in forming a bullish wedge pattern near a strong resistance so that makes no sense to long this coin. if I initiate a short trade I will post in the comments Feel free to ask questions . I will definitely answer Note : I am just a technical analyst and day trader . Any info given is not a financial advice Thanks .
Short
by TradingTheTides
Opening (IRA): SPY May 19th 355 Short Put... for a 3.55 credit. Comments: Starting to build out second quarter ... . Targeting the <16 delta strike paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. I would note that this is not an "ideal" entry, which I'd prefer to do on "weakness +" (i.e., weakness plus higher IV), but I'll look to add in shorter duration, better strikes if we get a sell-off and then address any tested short puts as we get to them as I've done previously.
AMEX:SPYLong
by NaughtyPines