Quick option spread play for the next 2 weeks: * 1 year trendline still holding * bullish trend
Max profit: $154 Probability of Profit: 62% Profit Target relative to my Buying Power: 18% Max loss with my risk management: ~$150
Req. Buy Power: $846 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 12 Expiry: 13 days
Sell 2 EEM May21' 55 Put Buy 2 EEM May21' 50 Put
Credit Put spread for 0.77cr each, because IVR is average
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~20% .
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.27db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
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