EXP October 18th.
505/465 Put Spread $13.93 Max Loss 40 point spread
Target is $1300 Profit
Max loss is $750
Market is trending lower, is showing divergence and this is market wide ISRG is showing a rounding topping pattern which may move toward further support at 460 which will be my exit.
Exit 1 = $460 underlying price while trying to get as close as possible to $1300 with a 10% tolerance plus or minus.
Exit 2 = Market reversed and I take a $750 loss. It's possible my time target could be too far out and I may hit my target early if the market sells off leading into September.