S&P 500 Index
Long
Updated

Follow the momentum off the 20dma & Option Strategy in Comments

151
Currently long using an option spread in /ES Futures.
Directionally biased trade - LONG
Sep 30th Exp, 2d exp
+3325 /ES Call
-3495 /ES Call
Probability of profit 39%

Max Win $6,450
Max Loss $2,037
Theta -3.2 (spread protects us from time decay)
Delta 0.67 - Long trade
Note
snapshot

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