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UNH at 415.09
I’m going to take a bearish trade with 32DTE. My downside target is 390 and a close above 425 will negate my directional bias
Risk Profile:
Order Ticket:
This is a bearish strategy with limited risk of $445.00 and limited potential reward of $555.00.
This strategy will profit if the stock closes below $415.55 by Oct 15, 2021.
There is a 52.64% probability this will happen.
UNH at 406.18
I’m going to roll my long 420 put down to 412.5 strike. This will bring in about 4.40 credit, which will remove ALL of the initial risk (original debit was 4.40, remember?)
Risk Profile:
Order Ticket:
I will look for another entry short, on a bounce, as long as the chart is telling me it’s a short.
UNH at 399.40
I’m going to take this trade off and wait for another set up
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