Setup
PL pulled back near $38 before entry.
Price remained above major moving averages.
Volatility remained elevated.
Structure remained constructive.
Structure
Strike placed at $36.
The strike sat below recent support and near the SMA100 area.
Price continued holding above key moving averages.
Structure was valid.
Controlled.
Not stretched.
Assignment Logic
Assignment near ~$34.90 remained acceptable.
The basis would sit below the recent trading range.
Controlled sizing only.
Premium Context
Premium was elevated.
IV remained above 100%.
The premium reflected:
- elevated volatility
- momentum expectations
- growth stock sensitivity
Not free edge.
Trade Structure
Management Plan
Price holding above major moving averages remains important.
Loss of support weakens structure.
No aggressive averaging down.
Rolling only if structure remains intact.
Process Note
RSI had already reset before entry.
Structure remained constructive.
Premium was elevated, but support alignment improved assignment quality.
No prediction. Just process.
