I see NTES already reached above 405(resistance for a long time). However, I am not yet ready to long/short this equity. Let's wait and see what's about to happen. I would purchase a little number of puts at the beginning if it maintains above 405. If this straight push up all the way above 405, I would wait for this to retrace back to 405, and then collect some calls.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.