HPQ – Income Trade at Weekly Support (3/3/2026)HP Inc.BATS:HPQjackjweddle📊 Why I Took This Trade HPQ is trading at major weekly support around the 18.25–18.50 zone. On the weekly chart: Price is below the 20/50/200 MAs (long-term downtrend intact) RSI is near 30 (oversold) Price is sitting directly at the structural support On the daily chart: Selling pressure has slowed The range has tightened Compression is forming above the support This is not a bullish reversal setup. This is a time decay income setup at support. I am not betting on a rally. I am betting on no breakdown over the next 10 days. 🎯 Trade Logic Strike: 18 Breakeven: 17.62 By selling the 18 puts for.38, I am willing to own shares at an effective price of 17.62 if assigned. That place's entry: Below the current weekly support Below the recent consolidation zone In oversold territory This gives the trade a structural cushion. 📈 Management Plan Target: 70% profit Buyback price: ~.11–.12 My average time in trade is 5.74 days. If the structure remains intact, I will hold for 70%. Structure remains favorable if: Price holds above 18.25 No heavy volume breakdown Daily compression continues or drifts upward If support fails with expanding volume, I reassess. No emotion. Just structure. ⚖️ Risk Consideration Max exposure if assigned: 300 shares at 18 Effective cost basis: 17.62 If assigned, I can: Run covered calls Or hold for bounce The assignment is acceptable. Summary This is not a directional bet. This is a probability-based income trade placed at support. The edge comes from: Selling into compression Selling into oversold conditions Letting theta work Exiting systematically at 70% Now we let time do its job. Structure first. Capital second.