Trade the news ,use panic selling, short Nov 16 naked 350 call
Updated
Reason to take this trade: market panic selling, IVR is at 100%
Put on Nov 16 naked 350 call for $5 per share, juicy premium to collect
Target Profit: 1/3 - 2/3 of premium
Stop Loss: 1x of premium collected
Trade duration target 3 - 8 trading days
Put on Nov 16 naked 350 call for $5 per share, juicy premium to collect
Target Profit: 1/3 - 2/3 of premium
Stop Loss: 1x of premium collected
Trade duration target 3 - 8 trading days
Trade closed: stop reached
got killed by the news.
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