Possible continuation toward the 200 MA on the daily.
Put Spread from 293/287
I plan to take my profits sooner now, lets see how it pans out.
Spread cost was 1.77, spread is 6 points wide also my target is 25% profit on the spread.
My exit price will be. 2.82 which will happen between 288 and 290 at exp.
Max loss I will take will be if the price goes above 296.5 as that was previous support.
If the trade war results in a short term trade deal with the Chinese I will immediate close my position that the earliest possible time I can regardless of dollar value.
Put Spread from 293/287
I plan to take my profits sooner now, lets see how it pans out.
Spread cost was 1.77, spread is 6 points wide also my target is 25% profit on the spread.
My exit price will be. 2.82 which will happen between 288 and 290 at exp.
Max loss I will take will be if the price goes above 296.5 as that was previous support.
If the trade war results in a short term trade deal with the Chinese I will immediate close my position that the earliest possible time I can regardless of dollar value.
Comment:
Took a profit today on my spreads left my trade early.
Trade closed manually