S: Multi-Year Channel Support and $12.25 Retest Setup

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S: Multi-Year Channel Support and $12.25 Retest SetupSentinelOne, Inc. Class ABATS:SBluntForceOptionsSentinelOne setup: We're currently testing the lower band of a well-defined multi-year channel, sitting just above that historical $12.25 support level. Zooming into the daily (not shown) there was a hard rejection off the 50 SMA. That price action suggests a probable retest of the $12.25 low before the stock establishes a base. With the broader market wavering right now, IMO, buying the common outright carries unnecessary risk. The play here for me is selling puts against this lower band once that retest hits. This approach provides max flexibility... we either collect a nice premium while the tape chops around, or we take assignment at an even steeper discount to an already attractive long-term valuation. Giddy up.