SHORT..RSI at 87.4...Add put diagonal

Price reached top end of the channel. So, basically it's at resistance.

RSI at 87.4..it's way overbought..

RVX is rising from the support.

So, my trade idea is to add put diagonal as the probability of profit is way higher relative to a directional put.

Will post adjustments if needed...

Trade active:

BOT +1 DIAGONAL IWM 100 20 AUG 21/19 MAR 21 219/210 PUT @12.07 CBOE

Comment:

This publish is meant for educational purposes only. This is not an investment device.

Trade closed manually:

SOLD -1 DIAGONAL IWM 100 20 AUG 21/19 MAR 21 219/210 PUT @12.62 ISE

Return: 4.44%