I just bought swing puts. I cannot say if DIA will move up to 352 so I started a position with price over 350. In a swing trade even if price moves a little higher I will hold.
One of two things will happen on RSI. Today's attempt to test the 50 will fail (it may not even get there) and head lower over the next few days. If bullish sentiment takes over, then RSI may go up to the orange line (60-65 range) before turning lower and going down to 35 or below.
As I mentioned yesterday, stochastic %K has given a clue of more downside to come (white arrow). Today %K is rising back up to %D, which is moving down (white oval). VIX is also down today, so options prices are lower.
Bought 18Mar 330 strike puts.
One of two things will happen on RSI. Today's attempt to test the 50 will fail (it may not even get there) and head lower over the next few days. If bullish sentiment takes over, then RSI may go up to the orange line (60-65 range) before turning lower and going down to 35 or below.
As I mentioned yesterday, stochastic %K has given a clue of more downside to come (white arrow). Today %K is rising back up to %D, which is moving down (white oval). VIX is also down today, so options prices are lower.
Bought 18Mar 330 strike puts.
액티브 트레이드:
Still holding these puts and it is a small position.
