Bought two puts at 250 strike, 250 price for $9, 7$ premium. Looking for $230 and lower. $230 good oppertunity to take profit on 9/11 strike and then move stop on other to break even at 1:1 RR.
Trade looked good, daily was over bought seemed pretty extended. I had bought a call at 215 looking for 250 when it came to 250 I sold that call and reversed the position on that same day. All technical pointed for a bounce lower. Supply levels as well as the overbought daily.