After SPY quick UP, VIX is Low, there might be next SPY move to the downside.
Long entry 51.5
stop 50. buy Option, Max risk is same as stop 50.
Target 65
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Long entry 51.5
stop 50. buy Option, Max risk is same as stop 50.
Target 65
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Trade active
Buy Sep Call butterfly C50/65/80, Limit 1.5 expire in 106 days.
No stop, if VIX stays Low, Previous VXX short plan will make profit.
Note
VXX price 51.2, Buy Sep Call butterfly C50/65/80, Limit 1.2
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Related publications
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.