Don't Buy When High. Wait For These Supports First.

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.
Marc Principato, CMT |Author: Analyze Any Financial Market Like The Pros Using Price Action| | Cofounder (S.C.)

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?
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
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