$SPY
Earnings Season Kick Off !!
The trade I'm in its a bearish trade using a Debit Put Spread to keep THETA under control and hold the spikes if any.
$SPY
-100 X FEB 17 / 36 DTE / 370 PUT (SELL LEG)
+100 X FEB 17 / 36 DTE / 380 PUT (BUY LEG)
MAX LOSS = -$14,900
MAX PROFIT = +$85,100
*The goal / target is to collect at least 65%-70% of max profit around +$55,000
- When you use this strategy your MAX LOSS is capped, so even if SPY jump 100% the MAX LOSS is the SPREAD that I already PAID, so all we can do is HOLD and see if SPY during this 36 days can pull back to test the lows or just stay under $378.50 by Expiration Day for BE.
Earnings Season Kick Off !!
The trade I'm in its a bearish trade using a Debit Put Spread to keep THETA under control and hold the spikes if any.
$SPY
-100 X FEB 17 / 36 DTE / 370 PUT (SELL LEG)
+100 X FEB 17 / 36 DTE / 380 PUT (BUY LEG)
MAX LOSS = -$14,900
MAX PROFIT = +$85,100
*The goal / target is to collect at least 65%-70% of max profit around +$55,000
- When you use this strategy your MAX LOSS is capped, so even if SPY jump 100% the MAX LOSS is the SPREAD that I already PAID, so all we can do is HOLD and see if SPY during this 36 days can pull back to test the lows or just stay under $378.50 by Expiration Day for BE.
Trade closed manually:
Closed +50% of the position after the open for nice profits.
I want to see a close below ES 3917 / SPY 388/389
I want to see a close below ES 3917 / SPY 388/389
Options & Futures Trader