Why put on this naked call short options strategy?
1. IV Rank was 61%
2. mid-term bearish
3. skew to the call side
collected $2.49 premium.
use 190 strike , 79% probability of profit
use Nov 17 expiration date, more premium
take profit at 1/3 - 3/4 of credit collected.
stop loss at 2x of premium collected or roll out to next month.
1. IV Rank was 61%
2. mid-term bearish
3. skew to the call side
collected $2.49 premium.
use 190 strike , 79% probability of profit
use Nov 17 expiration date, more premium
take profit at 1/3 - 3/4 of credit collected.
stop loss at 2x of premium collected or roll out to next month.
Trade closed: target reached
1/2 target achieved, close another winning trade!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.