Max profit: ......................................................... $113 Probability of Profit: .............................................66% Profit Target relative to my Buying Power: ......30% Max loss with my risk management: ...................~ $100
Buy Power: $387 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 13 (relative low) Expiry: 58 days
Debit Call spread for 3.87db, because IVR is relative low.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 100$. Probability of loss in this way: ~15% .
Take profit strategy: 60% of max.profit in this case with auto sell order at 4.55cr. Probability of profit this way: ~85%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
damn i bought it at 23.25 and boom it went down the slide...am i screwed? should i hold on to it?
TanukiTrade
⋅
@vajjas1, sucks :(
If you are using these debit vertical spread what I've opened inmy idea - I think nothing worried above 14$.
What was the buying price and the strikes of the vertical spread?
Feel free to follow me on tradingview for any option trade analysis in the future ❤️