phyllotaxis

Short Strangle AVGO

NASDAQ:AVGO   BROADCOM INC
As of Thursday 7/12, I've entered into a short strangle 185/230 @ Sep 21 expiration for a net credit of 8.24 in hopes of managing at 50% max profit. Strike selection was a bit on the aggressive side, but saw a double fibs on support and resistance levels outlined in the red and green rectangles, and think that realized volatility is likely to contract over the following 6-15 trading days from initial execution.
Comment: this trade was taken off for a win
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