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AnonymousNever mind…my error
TSLA AT 320
I’m selling an OTM Put with an Implied Probability of Profit around 80%
This is a very short term trade. I’m looking to collect 50-80% of credit and close this trade or make an adjustment WHEN/IF TSLA trades below 305
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 22NOV 300 PUT Total Credit: 3.40 – 3.50
This trade can be done as a Put Credit spread:
SELL TO OPEN 22NOV 300/280 PUT SPREAD MID 2.50 CREDIT
STOP AT 6.00 DEBIT (STOP)
PROFIT TARGET AT 1.00-.050 DEBITSHOP at 289.08
I’m going to roll down 285 Put down to 280 strike and out to 22NOV expiration. I’m collecting an additional credit for this adjustment.
Order Ticket Type Asset Duration Strike C/P Buy To Close SHOP 15NOV 285 PUT Sell To Open SHOP 22NOV 280 PUT Total Credit: 0.70 COST at 306.08
I’m going to roll up 285 Put up to 300 strike, collecting a credit.
This trade has 8 days until expiration. I’d like to close out this position before expiration next week. We’ll make any further adjustments IF/WHEN COST trades below 300 or above 307.5
Order Ticket Type Asset Duration Strike C/P Sell To Open COST 15NOV 300 PUT Buy To Close COST 15NOV 285 PUT Total Credit: 0.90 TSLA AT 338
I’m going to take this trade off at 60% of max profit in 1 day.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 22NOV 300 PUT Total Debit: 1.45 COST at 301.79
We’re going to close out 300/307.5 STRANGLE at about 30% of max profit with 4 days until expiration.
Order Ticket Type Asset Duration Strike C/P Buy To Close COST 15NOV 307.5 CALL Buy To Close COST 15NOV 300 PUT Total Debit: 2.00 TTD at 206
I’m looking to place a bullish, short term trade in TTD.
I’m going to sell an OTM put with an Implied Probability of Profit around 85%.
I’m looking to capture 50-80% of credit before closing the trade and I’ll make necessary adjustments WHEN/IF the stock trades below 195.
Order Ticket Type Asset Duration Strike C/P Sell To Open TTD 22NOV 190 PUT Total Credit: 1.65 TTD at 217
I’m going to close out this trade at an initial profit target of 50% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close TTD 22NOV 190 PUT Total Credit: 0.85 SHOP at 308
I’m going to exit this trade for 65% of max profit
Order Ticket Type Asset Duration Strike C/P Buy To Close SHOP 22NOV 280 PUT Total Debit: 1.65 SHOP at 314
I’m putting on a short term bullish trade in SHOP.
I’m selling an OTM put with an Implied POP around 85%
I’m going to look to capture 50-80% of credit and make adjustments when short put’s delta reaches 35-40
The same trade could be converted into a Bull Put spread, buying a wing 10-20 points out of the money.
Order Ticket Type Asset Duration Strike C/P Sell To Open SHOP 22NOV 292.5 PUT Total Debit: 2.10 SHOP at 317
I’m taking this trade off at 70% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close SHOP 22NOV 292.5 PUT Total Debit: 0.60 RUT at 1589
I’m going to start to scale in RUT Broken Wing Put Butterfly.
Here’s the trade plan:
Order Ticket Type Asset Duration Strike C/P BTO RUT 17JAN 1620 PUT STO X2 RUT 17JAN 1570 PUT BTO RUT 17JAN 1500 PUT Total Debit: 5.45 Tier 1: 1500/1570/1620 Put Butterfly
Tier 2: 1520/1590/1650 Put Butterfly
Tier 3: 1540/1610/1680 Put Butterfly
Start Roll Sequence: Above 1630
Planned Capital: 10,000 – 12,000
Profit Target: 10-15% ROR
Stop Loss: -15-18% RORTTD at 232
We’re putting on a short term bullish trade in TTD.
I’m selling an OTM put with an Implied Probability of Profit of 80%
My profit target is 50-80% of credit collected and I will make adjustments IF/WHEN stock trades below 225
Order Ticket Type Asset Duration Strike C/P Sell To Open TTD 29NOV 220 PUT Total Credit: 2.05
Similar trade can be entered as a Bull Put spread:
220/200 PUT SPREAD MID 1.85 CREDIT
TARGET: 0.60 DEBIT
STOP LOSS: 3.80 DEBITRUT at 1598
I’m going to remove the lowest of 3 butterflies.
This adjustment is going to reduce overall negative delta in this trade. My near term outlook is bullish on the price of RUT and I do not want to let this trade turn into a losing trade after showing around 10% ROR.
If we continue to see a move higher I will use OTM Calendars to widen the profit zone.
Order Ticket Type Asset Duration Strike C/P STC RUT 20DEC 1620 PUT BTC X2 RUT 20DEC 1560 PUT STC RUT 20DEC 1490 PUT Total Credit: 13.60 SPX at 3122
I’m going to remove 2920/2910 Put Spread. I don’t expect too much more decay in this spread with 24 days to go. The pressure continues to build on the upside as we haven’t seen any kind of reversion with the current move in SPX. Overall, the trade is within our risk parameters and I will continue to monitor for any further adjustments.
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 13DEC 2920 PUT Sell To Close SPX 13DEC 2910 PUT Total Debit: 0.30
