Technical 'buying ' on 5 waves correction completed, with 62 DBThis looks too good to be true - or is it? Technical perfect with :
1. 5 waves correction
2. 62 % retraced from low to high this year
3. a double bottom with May low
So I got aggressive and sold a bull put spread for premium two weeks expires.
Sold 45 ( 4500 shares) contracts of American PUT strike 15.50 ......for 0.24
bought 14.50...........-0.07 for profit premium paid 0.17 ($765)
