Description A close < 176 triggers a short position. Using expiration two weeks out for a little additional time on this slow mover.
Put Debit Spread Levels on Chart SL > 176 *Stops based off underlying stock price, not mark to market loss
The Trade BUY 11/12 172.5P SELL 11/12 157.5
R/R & Breakevens will vary when filled. The long put is placed ATM for higher chance of profit, Short put is placed at the support established in August - September.
Always implement proper risk management Only invest what you are willing to lose
Trade active
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Filled at 1.82.
Trade active
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If AXP does not make a meaningful move below the breakeven, I will end up cutting losses closing out. 3 more DTE
Trade active
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I was looking at cutting this one if it didn't close below yesterday's close, but it held. I am willing to lose a little more TVP for the potential to move lower. Otherwise, this would be a close out.
Trade closed manually
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Just moving too slow with not enough time left to expiration. Closed out at .71, -61%.