5900 PE is showing initial signs of bottoming out.
One can buy near 30-32, with a strict stop loss below 25.
If SL is respected, it can give a good run.
still tons of puts are written in 6000 stike
Yes, but its a low risk setup
As per my observation, in mid month which ever option goes below 30 and closes above 30 will hit target of 200, stoploss --> close below 30 then get out from position
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3 comments:
still tons of puts are written in 6000 stike
Yes, but its a low risk setup
As per my observation, in mid month which ever option goes below 30 and closes above 30 will hit target of 200, stoploss --> close below 30 then get out from position
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