Selling the $268 5/13 Puts... Don't think it crosses $279 tho

13 May 2020

On Monday, I said it wouldn't cross $287 & it did... good thing we went into the $280 strike. Same thing today, we think $279 holds by the Friday close, but to be safe, we're selling the $268 strike. Again, our strategy is bullish, and it's based on the many retracements that are in the way before our strike is reached. Algorithms love trading retracements, and we're betting on them!

Note: COVID fears are alive & well, and the FED loves to pump.

Happy Week! Trade well! Not often!