Current demand Zone confirmed,
Long entry 520
no Stop ,
Target 550
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.
Long entry 520
no Stop ,
Target 550
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.
Trade active
Sell SPY 250418 P500, market 9.05, Delt= -0.30, expire in 7 days.
No stop, willing to buy SPY at 500, for long term investment.
High probability, after quick down, there might be sideway consolidation.
After big % and quick down, VIX is high, High IV is good to sell OTM PUT.
Note
Sell SPY P500, hold cash 24,550 in Margin account. if price above 500, estimate 3.6% interest in 7 days.
Note
--- no big value in current put, Rotation to next month Put . --- buy to close SPY 250418 P500, market 0.83, win 8.22.
Sell SPY 250516 P508, market 8.37,
Delt= -0.25, expire in 32 days.
Below SPY 500, allow assignment to accumulate Conservative long term investment.
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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.
Related publications
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.