Justification: Sold into weakness prior to market close.
- Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend.
- Technical: Below 20 and 50 MA.
- Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
If/Then:
- Take profit? 50% of credit received
- Where will you hedge? $3080
Strategy Details:
- Short and Long leg: $3070, $3020
- Short Leg Delta: 0.09
- Duration: March 31
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
- Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend.
- Technical: Below 20 and 50 MA.
- Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
If/Then:
- Take profit? 50% of credit received
- Where will you hedge? $3080
Strategy Details:
- Short and Long leg: $3070, $3020
- Short Leg Delta: 0.09
- Duration: March 31
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Nota
Added similar spread in another account; 2/14/2020 OPENED: MAR 31 3070/3010 CREDIT PUT SPREAD $2.25CR [ACCT2]Nota
Added similar spread in another account; 2/18/2020 OPENED: MAR 31 3090/3040 CREDIT PUT SPREAD $2.75CR.Nota
2/19/2020 CLOSED: MAR 31 3090/3040 CREDIT PUT SPREAD $1.75CR.Nota
Current Positions: 
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.