I opened 1.0 unit(s)
$AVGO VERTICAL 250221 PUT 195.0/PUT 200.0$ ,
In the daily chart, price looks to be supported by 50 moving average and also moving above the recent "resistance level" at $211 (candlestick on 13 Dec 2024). William%R looks to be moving out of the oversold region. These gives me a probability of price to go up in the coming days.
So, I have decided to open this bull put spread with expiry date on 21 Feb, which is before the earning announcement on 27 Feb.
Happy trading๐
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