Lordstown Motors Event Play with high IVR selling for credit Long

Description

⋅ Mar 17, 2021 8:21 PM

Selling naked put option at event

Max profit: 90$
Probability of Profit: 77%
Profit Target relative to my Buying Power: 21%
Buy Power: $410
Max loss with my risk management: ~ $300
Tasty IVR: 56
Expiry: 30days

Sell 2 RIDE April16' 10 PUT

Selling put option for 0.45cr each

Stop/my risk management: Closing immediately if daily candle is closing below $10, Safety zone at 13$ support.

Take profit strategy: I'm taking at the 60% of max.profit in this case with auto sell order. (at 0.18 debit)

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Trade closed: target reached

⋅ Apr 6, 2021 3:11 PM

Target reached, great profit grabbed.

Comments

Jabronitrades

⋅ Mar 20, 2021 8:03 PM

How is the BP only $410??

TanukiTrade

⋅ Mar 21, 2021 6:52 AM

@Jabronitrades Tastyworks requires only the necessary BP at naked put selling. In that case was 410$ Maybe because of event and high IVR.