TradingView
Reallifetrading
Aug 13, 2015 9:05 PM

DIA bull put spread Long

SPDR Dow Jones Industrial Average ETFArca

Description

170 is a very strong support.
Comments
Reallifetrading
Our 170/169 DIA bull put spread is already at MAX LOSS at this point. Implied volatility is helping us a little bit. IF the DIA keeps rolling down a bit, I am ok with unraveling and I'll do my best to make .50 or higher on the 169 put to simply lose less than I am now. This is an aggressive unravel to say the least but we're running out of time. It's either this OR take the max loss. Since 169 is IN THE MONEY, we won't get TOO burned if it doesn't roll over.
More