SPY Short
In Uptrend Wedge
RSI Divergence
Prepare for sideways and 10% down
in next 3 months
Short 438
Stop 444
Target 400
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
RSI Divergence
Prepare for sideways and 10% down
in next 3 months
Short 438
Stop 444
Target 400
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Trade active
Buy Dec Put butterfly P300/350/400 Limit 3.30Sell Dec Call spread C440/446 Limit (Credit) 3.52
No stop
Theta: 0.00
Delta: -0.14
Max RRR 50:6 = 8:1
If SPY stays between 400 and 440, no gain, no loss;
Trade closed manually
Sell to Close P300/350/400 Limit 3.06Buy to Close C440/446 Limit 3.15
Overall, make even.
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.
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.