Closely watching a key round number level of 320. Phsycologoally important too.
If we manage to hold it on daily and close a couple of daily candles above it- then there is a will and buyers with money who wold it.
In that case I might considering selling put NTM options with a week or two week expiration.
Good value for money. If your are afraid of the gaps, and rightly so, you might consider complete or partial hedge by purchasing put options 2-5% below the level of the sale.
Just make sure it is still economically viable.
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If we manage to hold it on daily and close a couple of daily candles above it- then there is a will and buyers with money who wold it.
In that case I might considering selling put NTM options with a week or two week expiration.
Good value for money. If your are afraid of the gaps, and rightly so, you might consider complete or partial hedge by purchasing put options 2-5% below the level of the sale.
Just make sure it is still economically viable.
Like share and subscribe.