OPENING: SPY JANUARY 22ND 335/340 SHORT PUT VERTICAL
... for a .54/contract credit.
Metrics:
Max Profit: .54 ($54)/contract
Max Loss: 4.46 ($446)/contract
Break Even: 339.46
Probability of Profit: 86%
Probability of 50% Max: 88%
ROC %-age: 12.1% at max; 6.1% at 50% max/96.0% annualized at max; 48.0% at 50% max
Notes: Opening a 45 days 'til expiry 10%-er in one of the smaller accounts I'm working. Will look to take profit at 50% max; take loss at 2 x credit received.
Metrics:
Max Profit: .54 ($54)/contract
Max Loss: 4.46 ($446)/contract
Break Even: 339.46
Probability of Profit: 86%
Probability of 50% Max: 88%
ROC %-age: 12.1% at max; 6.1% at 50% max/96.0% annualized at max; 48.0% at 50% max
Notes: Opening a 45 days 'til expiry 10%-er in one of the smaller accounts I'm working. Will look to take profit at 50% max; take loss at 2 x credit received.
Trade closed: target reached:
Out for .27/contract here (50% max). Will look at re-upping in the February monthly ... .