#ShortPuts – Selling the week before earnings and at the expected move and below the 50 and 200 day moving averages. Selling the week prior sets up nicely for either a roll into earnings or a juicy covered call sale or another put sale. This is also the weakest ticker in my main watchlist today.
Sold ILMN JAN 24 2020 300.0 Put @ 3.60
Beware: There might be some news driven event the week prior to my sale. The IV is higher for the week of Jan 17 expiration.