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?
Anyone considering a put backspread at these levels of XJO?I am...
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Last
7,683.0 |
Change
-0.500(0.01%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,683.5 | 7,724.0 | 7,679.7 |
| XJO (ASX) Chart |