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.
GT ($8.77) - VTN ($12.5) - Fibo ($12.45)
Plan A: Sell put option one month expire to earn premium at $12.5. Goal to earn 4% monthly premium from collaterals money.
Plan B: I am willing to hold SOXL long-term at $12.00/share if I need to exercise my Plan A sell put option.
Plan C: I will sell cover call option for Plan B to earn 4-5% monthly premium income...
I have been watching NYSE:XOM last 2 weeks when it started to pull back from $120.
Price find support at Fibo 0.786 level and also a major SR area (blue area)
R:R is 1:3.
Waiting for price to react at the consolidate zone HKEX:25 -25.50... so I can go long. My Target buy is at $24.33... this area has a lot of reaction.
GT - VTN - Fibo.