In Uptrend Wedge
RSI Divergence
Prepare for sideways and 10% down
in next 3 months
Short 438
Stop 444
Target 400
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
RSI Divergence
Prepare for sideways and 10% down
in next 3 months
Short 438
Stop 444
Target 400
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active:
Buy Dec Put butterfly P300/350/400 Limit 3.30
Sell Dec Call spread C440/446 Limit (Credit) 3.52
No stop
Theta: 0.00
Delta: -0.14
Max RRR 50:6 = 8:1
If SPY stays between 400 and 440, no gain, no loss;
Sell Dec Call spread C440/446 Limit (Credit) 3.52
No stop
Theta: 0.00
Delta: -0.14
Max RRR 50:6 = 8:1
If SPY stays between 400 and 440, no gain, no loss;
Trade closed manually:
Sell to Close P300/350/400 Limit 3.06
Buy to Close C440/446 Limit 3.15
Overall, make even.
Buy to Close C440/446 Limit 3.15
Overall, make even.