Sold the 58 strike on XLU yesterday afternoon.
It hit a weekly level and looked like it wanted to stop selling with small candles on the down move.
Kind of in between the higher time frame declining -1 sig and the rising -1 sig with the best inflection point on VWAP. It's that weekly rejection that I'm anticipating happening.
The strike is positioned at 58 which is a weekly level 2 down.
There's another one closer in at 59.31 that I'm thinking will play some defense.
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Symbol XLU
Open Date 1/18/2024
Put or Call Put
Expiry Date 3/15/2024
Short Strike 58
Long Strike 57
Price to Open 0.16
Min Width Multiple 2
Risk Ratio 5.25
Return on Risk 19.0%
Opening DTE 57
1 Day ROI% 0.33%
Max Annual ROI % 122.0%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date
Closing Price
Closed Margin ROI %
Closed Annual ROI %
It hit a weekly level and looked like it wanted to stop selling with small candles on the down move.
Kind of in between the higher time frame declining -1 sig and the rising -1 sig with the best inflection point on VWAP. It's that weekly rejection that I'm anticipating happening.
The strike is positioned at 58 which is a weekly level 2 down.
There's another one closer in at 59.31 that I'm thinking will play some defense.
#################################
Symbol XLU
Open Date 1/18/2024
Put or Call Put
Expiry Date 3/15/2024
Short Strike 58
Long Strike 57
Price to Open 0.16
Min Width Multiple 2
Risk Ratio 5.25
Return on Risk 19.0%
Opening DTE 57
1 Day ROI% 0.33%
Max Annual ROI % 122.0%
Buyback to Close
Open to Roll
Closing % Cost on Opening Credit
Net Roll % on Opening Credit
Closing Date
Closing Price
Closed Margin ROI %
Closed Annual ROI %