EEM 62% PoP for quick 18% profit spread
Updated
Quick option spread play for the next 2 weeks:
* 1 year trendline still holding
* bullish trend
Max profit: $154
Probability of Profit: 62%
Profit Target relative to my Buying Power: 18%
Max loss with my risk management: ~$150
Req. Buy Power: $846 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 12
Expiry: 13 days
Sell 2 EEM May21' 55 Put
Buy 2 EEM May21' 50 Put
Credit Put spread for 0.77cr each, because IVR is average
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~20% .
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.27db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
* 1 year trendline still holding
* bullish trend
Max profit: $154
Probability of Profit: 62%
Profit Target relative to my Buying Power: 18%
Max loss with my risk management: ~$150
Req. Buy Power: $846 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 12
Expiry: 13 days
Sell 2 EEM May21' 55 Put
Buy 2 EEM May21' 50 Put
Credit Put spread for 0.77cr each, because IVR is average
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~20% .
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.27db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Trade closed manually
Worst timing ever. S&P falling, uptrend interrupted. Minimalize loss.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
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