If you have been following my posts you have seen me share ideas for calls and puts over the past few weeks. On this daily chart, I see price up to the 10sma as a possible resistance, or it may move up to the 200sma near 350 (two orange paths). I do not see bullish divergence in RSI and stochastic %K could make another dip as %D tries to round up. It will stay down if Dow Jones tumbles more.
I am keeping this a small position - bought 18Feb 340 puts at $4.30
I am keeping this a small position - bought 18Feb 340 puts at $4.30
Trade active:
I thought about adding more if DIA reaches 250 but the $1 loss on option currently will easily reverse if market turns down. However I do not want to put more capital at risk if I am wrong so will hold my position.
