Max profit: $70
Probability of Profit: 83%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$150
Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 28 (average at futures)
Expiry: 36 days
Sell 1 !6CM1 Jun4' 0.8 Put
Buy 1 !6CM1 Jun4' 0.785 Put
Credit Call spread for 0.70cr each
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Probability of Profit: 83%
Profit Target relative to my Buying Power: 20%
Max loss with my risk management: ~$150
Req. Buy Power: $430 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 28 (average at futures)
Expiry: 36 days
Sell 1 !6CM1 Jun4' 0.8 Put
Buy 1 !6CM1 Jun4' 0.785 Put
Credit Call spread for 0.70cr each
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~10% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.35db. Probability of profit this way: ~90%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Trade closed: target reached:
Closed in 10% profit (original target) in a week.
Comment:
Winner winner chicken dinner.
🏆 [FREE for LIMITED TIME]
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
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