Credit Spread Trade-Rut Expiration July 2023
Some quick notes:
- 200/50-day moving average is up trending. Although it is crossing back and forth. This happens at significant reversal points.
- 20/5 day ma. is up-trending.
- Candlestick. Looks like bearish harmi today.
- Looks like 1830 for resistance and 1700 for support.
- Chart. a mess. Strong sideways action. Triple tops, and bottoms. Flag? Down? Longer term.
- Tested positions and got
Update 1030am. Positions for July expirations Vcall at 2020/2030 for 30 cents. Vput 1530/40 for 30 cents.
PS Summer months are slow. choppy. May 1 to Oct 31. Sideways action.