Naked PUT for $TME crash with 87% Probability of Profit
Updated
My tasty pick for yesterday: Tencenrt Muc Entertainment big crash.
(1) Prev. support holds
(2) Fibo resistance at fast fall holds
Max profit: $120
Probability of Profit: 87%
Profit Target relative to my Buying Power: 31%
Max loss with my risk management: ~$150
Req. Buy Power: $380 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 104 (ultra high)
Expiry: 56 days
Sell 2 TME May21' 15 Put
Short put option for 0.6 cr each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~7% (!!!)
Take profit strategy: 60% of max.profit in this case with auto sell order at 0.24db. Probability of profit this way: ~85%.
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) Prev. support holds
(2) Fibo resistance at fast fall holds
Max profit: $120
Probability of Profit: 87%
Profit Target relative to my Buying Power: 31%
Max loss with my risk management: ~$150
Req. Buy Power: $380 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 104 (ultra high)
Expiry: 56 days
Sell 2 TME May21' 15 Put
Short put option for 0.6 cr each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~7% (!!!)
Take profit strategy: 60% of max.profit in this case with auto sell order at 0.24db. Probability of profit this way: ~85%.
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 active
IVR mutch higher that yesterday. (now 126)Added one more for 1.41cr.
Now the target for all is 0.44db (50% profit target)
Trade closed: target reached
Trade closed with nice (20%) profit at 0.6dbNote
Trade closed in 3 days.
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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