Doubt in Spreads
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@AP Sir, Having doubt in Credit spreads on discussion over Online Nest.
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I am trying to enter a trade, plotted a graph for PE(+19500, -19800) and CE(+20100,-19800), I believe you told once it crosses 200MA then only we have to enter the trade but in the chart below currently it is already above 200 MA from last 4 days. Does I have to enter it now or will wait for the crossing of 200 MA.
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If the entry has not happened, Does I have to plot the chart on the daily basis for the new ATMs and OTMs if the entry has not happened or I have rely on the ATM price of 40 days before expiry?
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Monthly TOI has been bullish all through the last few days, you need to enter the ATM leg (PE short) as soon as it gives a signal; A cross check with the reverse spread also helps (CE short); Best confirmation is from the naked PE chart either on PNF or Renko 3%
