This blog is to pen down my journey of trading Options. I focus primary on the Options in Asia Pacific, especially KOSPI 200 Options in Korea Stock Exchange (KRE).
The main strategy is Selling Options, in particular Credit Spread and Iron Condor.
Lower high lower low. Price failed to stay within the Jun 3rd bar and closed below the Fibo 61.80%. The resistance turn support at 254.68 didn't hold. It is heading towards the previous low near 250.
MACD is still heading down but start to narrow. My view is still bearish. Any up move is probably just retracement.
Weekly : Downtrend.
Lower high lower low. Price just stay slightly above the bottom of the previous Inside bar range (260.68-251.43). MA200 is around that level too. That should provide some temporary support.
MACD is heading down and open wide. Weekly view is still bearish.
Monthly : Sideway.
Price move down back to the middle of the range. Both the current and previous bar look bearish. We could see price move down to the lower of the range.
Weekly : Downtrend.
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