SPY ROI +90% (ATM Bear Call)
Although the bullish candle was big the CCI shows no momentum. It ended near Resistance. Great pattern here for a BearCall. Aimed for 40 - 50% premium on the credit spread.
BearCall 22DTE 217/219 @ 1.09 (55%)
SL @219 = 1.50DR => Risk 1.50 - 1.09 = 0.41
RR = 109 : 41 = 2.65 : 1
#Contracts based on 1% risk on 100k = 1% x 100k / 41 = 4 contracts
Due to some technical issues I couldn't place a BullPut 219/221 as planned.
BearCall 22DTE 217/219 @ 1.09 (55%)
SL @219 = 1.50DR => Risk 1.50 - 1.09 = 0.41
RR = 109 : 41 = 2.65 : 1
#Contracts based on 1% risk on 100k = 1% x 100k / 41 = 4 contracts
Due to some technical issues I couldn't place a BullPut 219/221 as planned.
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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.