Market was falling
in the last couple of days. With the overall uptrend intact and 200 DMA going
up, I felt safe to enter a bull put spread on IWM Jun$114/109p for $0.52 credit
with 50 DTE. At this time, IWM dropped outside the Bollinger band and to a
prior low set 1 month ago. It seemed to rise after the touching. The short
strike was of Delta 0.19 area and the strike price was below a couple of major
resistance levels.
At this time, I
still have one more position to entry to reach my entry margin limit. TLT may
be close to its lower boundary now. I may sell some credits tomorrow if
possible. The XLE position has been flat
since its entry about 2 weeks ago, as XLE moved sideways to slightly up. Selling
another XLE bull put spread may be another option to benefit from its possible
rise.
No comments:
Post a Comment