On Wed Nov 22 2023 I entered a cash secured put trade on NYSE:DG
I did this for several reasons:
Price closed above the 50MA on daily candles.
Price broke out of the horizontal support.
Price closed above a medium/long term diaginal support.
Moving averages are crossing over and sloping upwards.
Price is oversold as the stock has fallen by approximately...
Going on vacation out of the country for a few weeks. I like selling OCT $60 puts as an idea to help pay for the trip and more of a hands off strategy.
Coin is down -10% today and been putting in high beta moves. However with a nice volume shelf and demand in the 60 zone, I don't mind selling cash secured puts for 6.75 in credit.
Worse case, I get assigned...
