18Feb swing puts on DIA

If you have been following my posts you have seen me share ideas for calls and puts over the past few weeks. On this daily chart, I see price up to the 10sma as a possible resistance, or it may move up to the 200sma near 350 (two orange paths). I do not see bullish divergence in RSI and stochastic %K could make another dip as %D tries to round up. It will stay down if Dow Jones tumbles more.
I am keeping this a small position - bought 18Feb 340 puts at $4.30

Dagangan aktif:

I thought about adding more if DIA reaches 250 but the $1 loss on option currently will easily reverse if market turns down. However I do not want to put more capital at risk if I am wrong so will hold my position.