AAPL Bull put spread
Actually entered this back on May 4, Star Wars day but didn't log it
Did not have any parallel channels drawn at the time of entry.
Janet Yellen opened her mouth about inflation and the markets tanked.
Pushed AAPL into an aggressive buying zone at the time.
Sold the 123/122 put spread at 25% ROI, 10 DTE
Tucked the sold strike as far into the next RBR demand zone as I could get it.
It held up last week, but today was a massive down morning and it tested the sold strike.
It is 3 DTE now as I write this.
I don't know if it holds up for the Fri expiration May 14, but it was a good structure read and the entry and the spread construction seem be causing market pivots.
Actually entered this back on May 4, Star Wars day but didn't log it
Did not have any parallel channels drawn at the time of entry.
Janet Yellen opened her mouth about inflation and the markets tanked.
Pushed AAPL into an aggressive buying zone at the time.
Sold the 123/122 put spread at 25% ROI, 10 DTE
Tucked the sold strike as far into the next RBR demand zone as I could get it.
It held up last week, but today was a massive down morning and it tested the sold strike.
It is 3 DTE now as I write this.
I don't know if it holds up for the Fri expiration May 14, but it was a good structure read and the entry and the spread construction seem be causing market pivots.