This is one that is surely not for the faint of heart. Looking for a rebound faking out the shorts and a bullish reversal towards 82.50 initially. Highly volatile and very risky trade instrument here. Lower support is around 48.50 and this would be an area I would look to sell another PUT contract. Premiums are just too good to pass up for shorter term options traders.
Current Position - Short DEC21 65 PUT
Current Position - Short DEC21 65 PUT
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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.