Last week my long call brings decent profits finally. The markets already priced in the second stimulus package hence we can not expect much up side from this package. But markets likely open in gap up we can use this gap up for going short because there is a crucial resistance at 3100-3150. If markets crosses this and sustains above this then we can assume that markets were bottomed out.
Regarding this week market outlook:
Using the short STRANGLE selling 3000 Call and 3100 put.
All the best
With thanks
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