SPG, Neutral Option trading plan

17 באוג׳ 2020

This is a none direction trading plan. It allows price going down 10%;
If Price stays above 60, This still could be a winning trade.
Try to win the Probability with risk/reward=1:1;

Sell Put Spread. Jan P65/55 Limit 4.88 (Delta=-0.13, Theta=-0.01)
Stop 57, when Trendline break;

Condition:
#1 Daily Trendline break
#2 Daily Demand Zone had been confirmed.
#3 8/10/2020 Earning - Breakaway Gap.

Entry 69
Stop 57; when Trendline break
Target: 94; risk/reward=1:2
To trade the stock only, the risk/reward ratio is not good.

I am not a Pro trader. I need few months to work on rule based trading strategies.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate consistently.

17 באוג׳ 2020

עסקה פעילה

Sell Put Spread. Jan P65/55 Limit 4.88 (Delta=-0.13, Theta=-0.01)
Stop 57, when Trendline break ;

17 באוג׳ 2020

הערה

If with 30days,
Price down to 57, at stop, close position will loss 130
Price up to 94, at target, close position will win 320;

Initial Risk:reward is about 1:1; and Probability to win is about 70%;
Jan P60 delta is -0.31, which shows 31% chance, price will end below 60;

31 באוג׳ 2020

העסקה בוטלה באופן ידני

close Limit 4.65. Make even + lunch.