Case 1 - BNF opens flat (within 60 points range and crosses 32350, a long trade can be initiated.
Case 2 - Market opens big gap-up, it can reverse from 32500 (bc psychological level) or it can touch all time high and then reverse.
Case 3 - Market crosses 32200 level, a short setup can be made.
Since it will be Wednesday, PUT SIDE premiums need to be adjusted, so I will be more comfortable in selling call option rather than put, since the market is already too overstretched.
Let's see what happens.
Cheers.
Case 2 - Market opens big gap-up, it can reverse from 32500 (bc psychological level) or it can touch all time high and then reverse.
Case 3 - Market crosses 32200 level, a short setup can be made.
Since it will be Wednesday, PUT SIDE premiums need to be adjusted, so I will be more comfortable in selling call option rather than put, since the market is already too overstretched.
Let's see what happens.
Cheers.
Note
My plan for case 2 worked out fine. I hope you guys now understand the importance of planning ahead. Enjoy Profits.Many people are approaching me for learning. I am planning to take a webinar. If you guys are interested, please let me know.
All the best.
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.
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.