- Whats The Plan/Trade/Thought
- With the housing market facing headwinds with rising mortgage rates soaring past 7% (The highest since 2002). Housing should expect a cooldown as it is tied directly to the rising Fed interest rates.
Risk Mitigation - While there is an S&R line at 22.3, if price hits 24 it would point to me being wrong on the direction short term
Can You Trade The Opposite Side (Y/N) - N
Trade Specs - Sold 156 Calls @ 0.17
- Strike 26.5
- 23% to Strike
- BP Used: 32k
- Max Gain: 2652
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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.