December's Primary Trade
As the Primary Trade is this aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The 9 Nov vaccine and US election news cause a significant gap upwards.
Vaccine news as we near 2021 could start increasing it's frequency, resulting in traders trying to capitalize on it by entering sectors previously hit hard by COVID19
Sold 140 Puts @ 0.17, Strike 17
BP block: 25k
Max gain - est $2380
As the Primary Trade is this aligned to the larger market direction and is deemed less risky. I'm bullish inclined for JETS as it is considered one of the COVID19 recovery sectors. The 9 Nov vaccine and US election news cause a significant gap upwards.
Vaccine news as we near 2021 could start increasing it's frequency, resulting in traders trying to capitalize on it by entering sectors previously hit hard by COVID19
Sold 140 Puts @ 0.17, Strike 17
BP block: 25k
Max gain - est $2380
Trade closed: target reached
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.
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.