Earning 11/15/2023 GAP Down,
12/11 Gap up above consolidation,
Long 49.3
Stop 45
Target 58
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2024 Jun Call spread C52.5/60
Limit 1.54
SellToOpen 2024 Jun Put P42.5
Limit 0.87
Total cost 0.77, if price stays between 42.5 and 53.2, max loss 0.77x $100.
Stop below 39, max loss about $4.2 x100.
12/11 Gap up above consolidation,
Long 49.3
Stop 45
Target 58
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen 2024 Jun Call spread C52.5/60
Limit 1.54
SellToOpen 2024 Jun Put P42.5
Limit 0.87
Total cost 0.77, if price stays between 42.5 and 53.2, max loss 0.77x $100.
Stop below 39, max loss about $4.2 x100.
Note
SellToClose 2024 Jun Call spread C52.5/60, Limit 0.87BuyToClose 2024 Jun Put P42.5, Limit 0.29
Loss: 0.87 - 0.29 - 0.77 = -0.19
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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.