XRT Bearish inclined naked calls 16 Sep expiry

Whats The Plan/Trade/Thought

• I’ve been looking at the retail sector especially since the consumer willingness to spend has been shifting to services/ experiences and entertainment.
  
• Household cleaning, groceries, pets, alcohol, recreational vehicles all have seen drops in spend from Q1 2022 to Q2 2022
  
• Walmart has also started laying off people and have also seen a shift in consumer purchase behaviours due to inflation and pandemic lifestyle changes. I believe retails companies have already started becoming defensive
  
  Risk Mitigation
  
• There is a key S&R line at 73.02 and the final one at 75.72. Once we see break throughs on these we will need to close
  
  Imagine Yourself Taking The Other Side
  
• With the market becoming bullish since Mid May - June (NASDAQ & S&P). I think taking a bullish position is also possible in the short term. However besides market movement and a dropping oil price, I don’t see how the original bear situation has changed.
  
  Look For New Information
  
• What am I rejecting the current bull run, which is does make me uncomfortable
  
• Next week we have earnings from Walmart, Home Depot, Target, Lowe’s, Bath & Body works. If I had remembered this I would not have entered
  
  How Do I Feel Now
  
• Uncomfortable
  
  Trade Specs
  
• Sold 110 Calls @ 0.42
  
• Strike 80
  
• % to Strike 11.94%
  
• BP Used: 83K
  
• Max Gain: 4620
  

거래청산: 타겟 닿음:

Yay!