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KLAC PUT SPREAD

This topic contains 2 replies, has 1 voice, and was last updated by  Igor 4 years, 2 months ago.

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  • #18597

    Igor
    Keymaster

    KLAC at 393.51

    I’m looking for a move towards the 50% retracement of the Oct-Dec swing move.

    This is a put debit spread with a risk limited to the debit paid for this trade.

    I’m looking for a 10 point wide put spread for around $3 debit. Risking 3 to make 7. Probability of profit (at expiration) around 30%

    Chart:

    Risk Profile:

    Open Order Ticket:

    #18635

    Igor
    Keymaster

    KLAC at 384.52

    I’m going to close 2/3 of the position for +20% here

    Order Ticket:

    #18687

    Igor
    Keymaster

    KLAC at 375.26

    I’m going to roll 380 put down to 375 to make it a risk free trade

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