EWW Opening Calendar Sep15 Dec15 54 Puts
https://www.tradingview.com/chart/OsBXckpZ/
EWW top 10 assets (Operating companies in Mexico) have solid analysis. It has been outperforming EEM (Emerging Markets).
I prefer slightly more liquid options (evaluated on a % ask-bid/ premium ATM) but I like this trade and am practising trading Calendars.
The metrics are on the chart. I am basing this idea method (rough copy) on the excellent examples for this type of trade shared by user NaughtyPines. Linked one below.
The initial break even is 1.25 $125/contract. I will be happy to have the final close being in profit anything North of 20% of that (nominal target this strategy 10%).
EWW top 10 assets (Operating companies in Mexico) have solid analysis. It has been outperforming EEM (Emerging Markets).
I prefer slightly more liquid options (evaluated on a % ask-bid/ premium ATM) but I like this trade and am practising trading Calendars.
The metrics are on the chart. I am basing this idea method (rough copy) on the excellent examples for this type of trade shared by user NaughtyPines. Linked one below.
The initial break even is 1.25 $125/contract. I will be happy to have the final close being in profit anything North of 20% of that (nominal target this strategy 10%).
Trade active:
sep15 dec15 54 Put calendar 1.25db Rolled short sep15 54P to 55P .17cr scr 108 pr22.50
Trade active:
Yesterday, rolled short sep15 55 Put to dec15 with a profit for credit 1.28 new scratch or break-even of -20. The resulting spread is now a dec15 vertical spread short the 55 Put and long the 54 Put. Do not remember precisely why chose december; it was time to roll and would have been looking at liquidity of expirations before then and gain relative to extrinsic value remaining in the sep15 54 Put.
Trade active:
The August 18 was too far out in time to get optimal Theta decay in the short leg so fixed (this mistake) by rolling the short 55P back from Dec to Oct20 costing a debit of .86 new break-even .66. Since then price has rolled down through the trade such that both legs have moved from OTM to ITM so could use a rally here.