Anyone considering a put backspread at these levels of XJO?
I am guessing 6000 is a good resistance point but market may overshoot this given the reopening optimism + money printing.
SELL 1 XJO 6000 PUT
BUY 2 XJO 5900 PUT
MAX loss at @ XJO 5900
Breakeven at 6000 and 5800
Profit from 5800 or less
Thoughts?
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