The sp can always go either way so pays to know your levels above and below.
Instructions were pretty clear though.
$105.75 is major level for short accumulation zone - so probability favours a short from that level or could do a straddle/strangle play if wanted to hedge bets (did that on another bank before inflation data today and paid well).
That's 2 short entries in a week on CBA from that level - todays high currently is $105.77, so pretty damn good rejection if you ask me
Closed todays puts after 50c dump from that very level and left a little in the market as a free carry if Fed wants to drop it to that $102.50 level before expiry tomorrow
Would only play options into Fed tomorrow as has potential to burn shorts or longs though.
Today was a good day...
1min Chart
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Daily chart to see todays high (so far)
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