Yesterday I opened a new position.
Let’s see where buyers and sellers placed their trades.
Open Interest
Lot of ITM call @114, few OTM put. The biggest OTM put is @112. During the day I found a good entry point in that area and it is under 1 STD.
Max Pain @115
Conclusion: Sold 1 Cash Secured Put , strike 112@0.47 . Expiry March 8 . Weekly return 0.4% , AROI 17%.