Apr/2023 Plan for YINN.

yeatristan Updated   
AMEX:YINN   Direxion Daily FTSE China Bull 3x Shares
Plan A: Sell Put Option $35 monthly (4 weeks ~ 30 days) to earn premium income 4-5% the collateral fund.

Plan B: I'm willing to hold YINN $35.00 for long term and write cover call to earn 4-5% premium income every month + dividend income.

$35 is the Order Block (OB) level in the Weekly TF.
Price keep boucing at $36.85 level. Sell put option $35 to collect premium.... I am willing to buy long term at $35 level.
Friday 05/26 - YINN closed at $33.65. I am currently down on my sell put option $35. I will need to exercise my option if price is not close above $35 on June 2nd.
This is in my plan. SO I am happy for doing so.
06/02/2023 - Price closed at $35.49 - so I still keep 100% premium without exercising the option.

Fri 06/02 candle show reaction at the OB level. I purchase 200 shares at $35/shares and sell put 1 contracts at $30 to earn premium and DCA if price ever when down to $30 level.


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