This idea is related to my earlier idea. Check it out there for logic as the logic for this trade was essentially the same. In addition to the logic:
1. The return profile was there 10% Return on Margin
2. Appropriate Delta
3. Lovely Cushion / Level for the trade.
See linked idea for technical logic
1. The return profile was there 10% Return on Margin
2. Appropriate Delta
3. Lovely Cushion / Level for the trade.
See linked idea for technical logic
Trade closed: target reached:
Closed for 50% profit @ 0.24 Debit - Total hold time was 2 days! :)
