was a pretty good day though for people i hope? i wanted to make a 318/319 bull put on Fri close for 7/27 but i didn't because i was being a whining baby. I did sell the 318 puts on the dip early on in the day so that makes it 23/26 now. on to Wednesday.
@Twinstynct so it's actually not a bad buy despite losing steam. Just hope you didn't buy ATM. WMT seems rangebound 130-134 prior to ER but there is some risk here. I would say a retrace to the 21DMA is more likely than a continuation above 134 at this point. However, it's hard to say. The IV:HV = decent time to buy and those 135s are ~32.6% prob ITM. if the delta drops below .20 then you might have an issue but it's not a bad trade tbh. I will say that you probably should have done a 135/140 bull call. sell the 140s so that you could hedge some risk. a 5pt spread trades ~1.20 vs buying the 135s naked at 135.
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