XLK - Feb.'18 Exp. Put Vertical Debit Spread (Hedge)

Trade details:
66/61 Put Vertical Credit Spread @ $1.82
Prob. of Max Profit = 4.90%
Prob. of Max Loss = 29.12%
Break-even @ $64.18
51 D.T.E.
Trade plan:
Straight up hedge against technology sector/semiconductor industry (NVDA + AMAT long put credit spread positions - both are linked below).
Feb.'18 expiration chosen to focus on Feb.'18 earnings reports for both NVDA and AMAT in case of strong downward plunge in technology sector.
Trade approaches 50/50 play from this point on since break-even price is the same as close price for the day.
Expecting spread to expire worthless if price falls between break-even & $61.00 by expiration, but will take early profit (and re-establish position if necessary) if there is an early move to ~$62.85 level.
66/61 Put Vertical Credit Spread @ $1.82
Prob. of Max Profit = 4.90%
Prob. of Max Loss = 29.12%
Break-even @ $64.18
51 D.T.E.
Trade plan:
Straight up hedge against technology sector/semiconductor industry (NVDA + AMAT long put credit spread positions - both are linked below).
Feb.'18 expiration chosen to focus on Feb.'18 earnings reports for both NVDA and AMAT in case of strong downward plunge in technology sector.
Trade approaches 50/50 play from this point on since break-even price is the same as close price for the day.
Expecting spread to expire worthless if price falls between break-even & $61.00 by expiration, but will take early profit (and re-establish position if necessary) if there is an early move to ~$62.85 level.
Nota
Adjustment: Due to break out of expected range early in trade (debit spreads will do this a lot, so adjustments should always be expected & possible before placing trade).
65/60 Put Vertical Credit @ 0.53
Converted XLK Vertical Debit Hedge into XLK Iron Condor
New position:
Adjustment into 66/65/61/60 Iron Condor Debit Spread @ $1.29 (0.53)
29% reduction in Max Loss.
Expecting to reduce loss even further IF price falls between $66 and $60 by expiration.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.