The indicators are simple in their setups. RSI does not usually go into overbought territory, as you can see going back to 2018. Shipping rates went up with post Covid demand spike and supply problems.
Now demand will wane as economies globally move towards recessions, and shipping rates are going down again. If you buy puts allow plenty of time for this to go back to 52, maybe even 40. I found this stock on my own, but the trade idea comes from:
twitter.com/AndreasS.../1512407413709631489
Now demand will wane as economies globally move towards recessions, and shipping rates are going down again. If you buy puts allow plenty of time for this to go back to 52, maybe even 40. I found this stock on my own, but the trade idea comes from:
twitter.com/AndreasS.../1512407413709631489
Comment:
It is a low volume stock with barely any options volume and wide bid/ask spreads. So put in a price and be patient. If you short stocks that may be better. You could also look for similar stocks with better volume.