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SPX 25OCT BEAR TRAP (2220)

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This topic contains 1 reply, has 1 voice, and was last updated by  Igor 4 years, 6 months ago.

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  • #18473

    Igor
    Keymaster

    SPX at 4285

    I’m going to set up a BEAR TRAP with 21DTE.

    This trade is set up with a 10 point wide PUT DEBIT spread and a 50 point wide PUT CREDIT spread.

    I’m looking for a total credit around 0.30-0.50

    This trade has no risk on the upside.

    My stop for this trade is SPX trading below 4000

    Risk Profile:

    Order Ticket:

    #18485

    Igor
    Keymaster

    SPX at 4402

    I’m going to roll long 4275 put down to 4270 strike and roll up long 3900 put up to 3910.

    This will bring in about 0.50 – 0.60 credit

    Risk Profile:

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