... for a 4.75 credit.
Comments: Targeting the May option paying around 1% of the strike price in credit. This ends up being a little more aggressive from a delta standpoint than I usually go (~20 delta), but that's okay as I start to build up a position over time ... .
Naturally, weakness/higher IV would be better, but you can't have everything.
Comments: Targeting the May option paying around 1% of the strike price in credit. This ends up being a little more aggressive from a delta standpoint than I usually go (~20 delta), but that's okay as I start to build up a position over time ... .
Naturally, weakness/higher IV would be better, but you can't have everything.
Trade closed: target reached
50% max hit; 2.38 ($238) profit.
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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.