Purchasing BB Puts with 12 Mar exp

24 Şub 2021

I expect price to break through previous support after being rejected at the current resistance. It's possible that price will move to $7.78 and $7.34 within the next 2 weeks.

Therefore, I purchased 12 MAR 21 8 PUTs. I plan to sell these contracts at market value, if they make it to speculated price level.

25 Şub 2021

İşlem elle kapatılmış

Price broke above the previous price level which suggests, to me, that we could see a bullish turn around here. I closed the trade for break even.