HYG - Bull Put Spread Long

iShares iBoxx $ High Yield Corporate Bond ETFArca

Description

⋅ Oct 1, 2019 3:06 PM

ETF Setup...

RSI <10.
Looking for Reversal to Mean Higher.
Taking 81/80.5 Put Credit Spread.
Also picked up 81.5 Call for Directional Bias Higher.

Oct Exp but aiming to Close in profit well before that...

Good Luck - Watch your $$$ RISK

Comments

fkiara

⋅ Oct 1, 2019 7:01 PM

i think u wrote the spread wrong

Quantamental

⋅ Oct 1, 2019 9:15 PM

@fkiara, Hi. Thanks for the feedback. What do you mean by wrong spread.? Im looking for price to consolidate in the spread briefly before reversing higher. Direct Message me and let me know what you mean. Cheers..Ryan

Quantamental

⋅ Oct 2, 2019 1:30 PM

@rpepp13, Hi. sorry for the confusion, I copied my earlier post spread in error. V Sorry. I actually took 86.5 / 86 put Credit with 87 Call.