Weekly Naked Puts for XLK
MACD shows the loss of momentum for the uptrend at the key resistance level, with an additional confirmation of divergence on the stochastic.
I assume market could be going south from here.
The concern for the trade is EMA(15) might act as a support. That's a factor that adds to the risk of this trade.
I assume market could be going south from here.
The concern for the trade is EMA(15) might act as a support. That's a factor that adds to the risk of this trade.
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Exercising Buyer right and closing the trade for the profit of $69 per contract