This chart shows the support levels that we are waiting for in order to sell more put options in our cannabis portfolio (green boxes). The evaluation goes beyond just reaching a support level because it also involves analyzing how price reacts when it gets there. For example: IF a bullish pin bar develops at one of these specific supports, then we have a good reason to sell a put. One of the reasons our cannabis portfolio has done well is because of the inflated premiums offered by these relatively cheap stocks.
I'm currently using a registered account to swing trade
Won't be able to sell puts to potentially acquire these shares/have my positioned get called away
Do you suggest swing trading these levels with shares as well?
Are there any Moving Averages indicating CRON can bounce off those levels?
CodeGangsta
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Hi Marc....a non-subscriber option noob here. Can you explain this strat briedfly please? If it hits the level and paints a bullish bar, then you want to sell a put that would expire OTM? The buyer would be hoping for a drop ITM? thx
Won't be able to sell puts to potentially acquire these shares/have my positioned get called away
Do you suggest swing trading these levels with shares as well?
Are there any Moving Averages indicating CRON can bounce off those levels?