... for a .40/contract credit. Good ol' "buying"* on weakness ... .
Metrics:
Probability of Profit: 71%
Max Profit: $40/contract
Max Loss: $160/contract
Break Even: 248.60
Notes: I entered the defined risk spread in my kid's small account and the naked variant (the May 19th 249 short put; 3.55/contract; break even 245.45) in mine. Will shoot for 50% max ... .
Metrics:
Probability of Profit: 71%
Max Profit: $40/contract
Max Loss: $160/contract
Break Even: 248.60
Notes: I entered the defined risk spread in my kid's small account and the naked variant (the May 19th 249 short put; 3.55/contract; break even 245.45) in mine. Will shoot for 50% max ... .
Trade closed manually
Covering the spreads here for a .24 db (40% max), the nakeds for 1.84 (48% max).
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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.