This looks too good to be true - or is it? Technical perfect with :
1. 5 waves correction
2. 62 % retraced from low to high this year
3. a double bottom with May low
So I got aggressive and sold a bull put spread for premium two weeks expires.
Sold 45 ( 4500 shares) contracts of American PUT strike 15.50 ......for 0.24
bought 14.50...........-0.07 for profit premium paid 0.17 ($765)
1. 5 waves correction
2. 62 % retraced from low to high this year
3. a double bottom with May low
So I got aggressive and sold a bull put spread for premium two weeks expires.
Sold 45 ( 4500 shares) contracts of American PUT strike 15.50 ......for 0.24
bought 14.50...........-0.07 for profit premium paid 0.17 ($765)
Dagangan ditutup secara manual
After it had been looking good, sitting in profit by the 11 OCT and well out of the money - there was a big down day yesterday of -4.0 % ( 0.60c) at one point in the day. As the strike price is 15.50 and it got as low as 15.85 in trading through the day I figured the risk of being exercised was too large by Thursday, and I got out of the short leg ( sold position) for a buy back of 0.06 c...after brokerage it was about breakeven. As there is still 4 more credit spread positions open that look to finish in the BLACK I am not worried by 15 October.
Dagangan ditutup secara manual
In hinsight - I should not of got 'bounced' out of a good trade due to one scary down day !
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.