Earning 11/15/2023 GAP Down, 12/11 Gap up above consolidation,
Long 49.3 Stop 45 Target 58
Risk management is much more important than a good entry point. I am not a PRO trader. In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2024 Jun Call spread C52.5/60 Limit 1.54 SellToOpen 2024 Jun Put P42.5 Limit 0.87
Total cost 0.77, if price stays between 42.5 and 53.2, max loss 0.77x $100.
Stop below 39, max loss about $4.2 x100.
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SellToClose 2024 Jun Call spread C52.5/60, Limit 0.87 BuyToClose 2024 Jun Put P42.5, Limit 0.29 Loss: 0.87 - 0.29 - 0.77 = -0.19