Price is around 20sma on the daily chart right now, which triggered an alert at 223 to buy swing puts. Maybe buyers will move price up a little higher to the white line resistance, but I am not sure if that will happen. Stochastic %D shows a peak that may be ready to turn lower again. RSI on 60m close might create a bearish divergence, while on daily chart I would look for it to hold under 55 (60 highest) and then move lower.
So I just bought 31Mar 210 puts, a small position. If price moves up to the white line I may add more. I would also consider April monthly expiry at 200 strike.
So I just bought 31Mar 210 puts, a small position. If price moves up to the white line I may add more. I would also consider April monthly expiry at 200 strike.