DIS Bull Put spread
14% ROI, 8 DTE
Higher timeframe supply at 192.5 with gap and liquidity shelf is untested.
Strong buying imbalance from 4/14 on hourly chart
Proximal supply is 1/2 way consumed with a weak double top
Same with the Apr 6 double top
Overall 4h trend is sideways
And the plan is to leg in condors into sideways markets
Potential upward channel with good respect on both sides of the mean
Sell off on a 2nd day play into demand.
Opened bull put spread 180- 177.5 which is an odd width for me.
Maybe I don't get the rally, but I think proximal strong demand buyers will step in and run the clock out for me into Apr 23
In retrospect, should've waited to hit the demand VPOC and gotten more credit
14% ROI, 8 DTE
Higher timeframe supply at 192.5 with gap and liquidity shelf is untested.
Strong buying imbalance from 4/14 on hourly chart
Proximal supply is 1/2 way consumed with a weak double top
Same with the Apr 6 double top
Overall 4h trend is sideways
And the plan is to leg in condors into sideways markets
Potential upward channel with good respect on both sides of the mean
Sell off on a 2nd day play into demand.
Opened bull put spread 180- 177.5 which is an odd width for me.
Maybe I don't get the rally, but I think proximal strong demand buyers will step in and run the clock out for me into Apr 23
In retrospect, should've waited to hit the demand VPOC and gotten more credit