Simple trade idea here. 1 month out, >10% RoM (Return on Margin) This one was filled at 0.55 credit, allowing for commissions on the way out to be covered and keep the 10% return.
I did not love that this was moving downwards still, but we are near the bottom of the range and this trade gives us 8% or so of room. Management rules will still apply. close at 50% profit, or -200% of credit received.
I did not love that this was moving downwards still, but we are near the bottom of the range and this trade gives us 8% or so of room. Management rules will still apply. close at 50% profit, or -200% of credit received.
Comment:
This idea was a loser - closed at -250% (market gap pushed past -200% threshold) - Avg debit of 2.035. On to the next one!