I opened $BABA VERTICAL 240628 PUT 73.0/PUT 78.0$ ,In the weekly chart, price is seen to cross the recent resistance level of $78. The MACD is also beginning to turn positive. In the daily chart, the 20 MA had cross above the 50MA, which signals a positive move. Based on the above, I decided to open this trade with the short put at $78, the delta is approx 0.23.
I opened $Alphabet(GOOG)$ ,The decision to invest more in GOOG stock is a strategic move to capitalize on Google's enhanced capabilities and its potential for future revenue growth through its ongoing commitment to leveraging AI to enhance its core product, ensuring its continued dominance in the search industry and paving the way for sustained financial growth. Please see my post on 'Investment Reflection on GOOG stock' published on 17 May 2024