https://alphapursuits.com/wp-content/uploads/2021/03/cbat-follow-up.jpg 720 1280 Tony https://alphapursuits.com/wp-content/uploads/2017/03/AP-logo-300x78.png Tony2021-03-25 17:19:362021-05-05 10:11:46CBAT Wheel Strategy Trades Follow UP Video | 3/25/2021
- Published the CBAT Wheel strategy trading idea back in December 2020.
- Opened $5 strike and $2.5 strike Short Put positions continuously since then.
- Got assigned once but managed to get out when the stock price recovered.
- PNL for the trades since December 2020 has been positive.
- Still have several open positions with April and May expiration.
- The daily chart shows a pretty strong support and resistance line at around $5.
- The game plan is to wait until expiration if the stock price stays around $5.
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