Watch for a breakdown below $47 for the short or put to be profitable. Market-wide rotation out of unprofitable growth should continue for a few weeks.
Note
I got in the Dec 27 weekly $45 strike puts at $1.13. Set a -5% MARK trail stop to execute below the $45 price level. Got out at $1.88 for a 68% gain in 3 days.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.