F chart

Interesting chart action as it touched support exactly today. I had sold puts, but maybe I should have been buying calls as it hits support. You get positive gamma if you buy the call but negative gamma on the short put sale. If there is truly a bounce you should profit more on the long call than the short put, probably should buy an OTM 25-30 delta call too. I'm going to look at those prices now and follow this.

F

Taking a low risk play on this name. I charted this one a few days ago and tentatively planned to sell some puts if it continued down further. We've got two trend lines and the 200MA all at the same place. A break below these three and I'll exit for a loss. I sold naked $10 puts for .18