SHort / Put on JHX ( ASX200) - Turtle soup failure 20 day Higg
This is taking advantage of a Failure at new 20 day high, it beat 4 days ago,
but has corrected quickly back in....shows weakness.
I prefer Put options due to risk of false break out again at highs if pushes up one more time in next few days;
I figure June expiry is enough time and only looking for a 4% correction obvious support $1.00 below or more...
For $400 risk, I can profit about $250 after brokerage if works out.
I bought 500 slightly out of money puts with a delta of 0.43 gives position size equivalent of $ 6800 worth.
but has corrected quickly back in....shows weakness.
I prefer Put options due to risk of false break out again at highs if pushes up one more time in next few days;
I figure June expiry is enough time and only looking for a 4% correction obvious support $1.00 below or more...
For $400 risk, I can profit about $250 after brokerage if works out.
I bought 500 slightly out of money puts with a delta of 0.43 gives position size equivalent of $ 6800 worth.
Dagangan ditutup: sasaran tercapai
Proft +6% ...a little better than original target of +4% in a few days.Dagangan ditutup: sasaran tercapai
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.
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.