... for a 1.57/contract.
Taking a miniature directional shot here as an engagement trade while I wait for the May expiry to come into the "sweet spot."
Max Profit: .43/contract
Max Loss: 1.57/contract
Break Even: 13.57
Take Profit: 20% of max/.31 per contract
Taking a miniature directional shot here as an engagement trade while I wait for the May expiry to come into the "sweet spot."
Max Profit: .43/contract
Max Loss: 1.57/contract
Break Even: 13.57
Take Profit: 20% of max/.31 per contract
Trade active
The only stock in the Dow that was red for the day. Much as I hate to, staying mechanical and rolling the 14 short out (which is at 50% max) to June for a .12 credit. Cost basis at 1.45. Since the cost basis is now that of a 1 1/2 wide, I can contemplate rolling the 14 down to the 13.5 when a weekly with half strikes comes into view ... .Trade closed: target reached
Out today at the open for a 1.77/contract credit; .32/contract profit (22.1% ROC).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.