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MSFT at 165
I’m buying to close 135 put at 85% of max profit with 10 days to expiration.
Order Ticket Type Asset Duration Strike C/P Buy To Close MSFT 17APR 135 PUT Total Debit: 0.23 CSCO at 41.72
I’m buying back short 30 put for a nickel and will look to redeploy capital.
Order Ticket Type Asset Duration Strike C/P Buy To Close CSCO 17APR 30 PUT Total Debit: 0.05 /CL at 24.30
I’m going to buy to close 26.5 call
/CL at 22.93
I’m going to buy to close 26.5 put
BYND at 81.27
We’re looking to sell an OTM Put Spread with an Implied POP around 80%
Order Ticket Type Asset Duration Strike C/P Sell To Open BYND 15MAY 65 PUT Buy To Open BYND 15MAY 60 PUT Total Credit: 1.02 VIX at 42.64
Buying to close 80/85 Call spread is a good way to manage risk in this trade because there’s 0.10 of premium left in this trade with 58 days until expiration.
Order Ticket Type Asset Duration Strike C/P Sell To Close VIX 17JUN 85 CALL Buy To Close VIX 17JUN 80 CALL Total Debit: 0.10 BYND at 89
We’ve reached 40% of max profit in 1 day. Closing out early is a good way to manage risk as the remaining 60% of the credit will not come out as fast as the first 40%.
Order Ticket Type Asset Duration Strike C/P Buy To Close BYND 15MAY 65 PUT Sell To Close BYND 15MAY 60 PUT Total Debit: 0.65 SPX at 2730
We’re going to sell an OTM call spread to bring in additional credit and push upside break-even out to 2940 level
Order Ticket Type Asset Duration Strike C/P Buy To Open SPX 15MAY 2965 CALL Sell To Open SPX 15MAY 2950 CALL Total Credit: 3.25 SPX at 2839
I’m going to Buy To Close 2000/1950 Put spread as it has almost no premium left to decay with 22 days until expiration. This will leave a position that is made of:
2575/2585 Bear Call spread
2950/2965 Bear Call spread
2200/2175 Bear Put spread
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 15MAY 2000 PUT Sell To Close SPX 15MAY 1950 PUT Total Debit: 0.35 SPX AT 2832
I’m going to sell an OTM put spread with an implied POP around 75%. This will bring NET delta of this position close to flat. 14 days left in this trade and we want to be out in the next 10 days or less.
Order Ticket Type Asset Duration Strike C/P Sell To Open SPX 15MAY 2570 PUT Buy To Open SPX 15MAY 2520 PUT Total Credit: 4.60 SPX AT 2875
BUYING TO CLOSE 2950/2965 CALL SPREAD. THIS WILL LEAVE NO UPSIDE RISK AND DOWNSIDE RISK UNDER 2600 WITH 9 DAYS UNTIL EXPIRATION
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 15MAY 2965 CALL Buy To Close SPX 15MAY 2950 CALL Total Debit: 3.95 SPX at 2869
I’m going to put on an Iron Condor with an Implied Probability of Profit around 45%. That, by itself, might sound like a bad trade. However, I’m not looking to hold this position until expiration. I’m looking to capture about 20% ROR and will stop out when at a loss of about the same amount as I am looking to make.
STO SPX 19JUN 3000/3020 CALL SPREAD
STO SPX 19JUN 2720/2700 PUT SPREAD
Credit: 12.00
Margin: 8.00
Profit Target: 1.60
ROR: 20%
Stop Loss: loss of 2.00 per spreadOrder Ticket Type Asset Duration Strike C/P Buy To Open SPX 19JUN 3020 Call Sell To Open SPX 19JUN 3000 Call Sell To Open SPX 19JUN 2720 Put Buy To Open SPX 19JUN 2700 Put Total Credit: 12.00 SPX at 2851
We’re hitting our profit target in this trade and it’s time to consider closing the trade
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 19JUN 3020 Call Buy To Close SPX 19JUN 3000 Call Buy To Close SPX 19JUN 2720 Put Sell To Close SPX 19JUN 2700 Put Total Debit: 10.40 SPX at 2957
I’m looking to put on an All Put Bear Trap with 57 days until expiration. The third week of July has monthly, as well as weekly expiration cycle and either will work for this trade set up.
This trade is a combination of a 50 point wide Put Credit spread and a 25 point wide Put Debit spread.
I’m looking for a combination of these two spreads that will result in a small debit to enter the trade. This set up will have small negative delta at entry and as time goes, this negative delta will increase. This is a slightly bearish trade set up that will benefit from a grind (not a crash) lower over the next 30-45 days. Please make sure that this slightly bearish set up fits into your overall trading plan and short term market outlook.
Put Credit spread:
JUL 2475/2425Put Debit spread:
JUL 2725/2700
The margin for this trade is the difference between the width of the spreads (50-25) or 2,500 plus the debit paid for this trade.
This trade should allocate $5,000 per 1 contract as planned trade capital.
Profit Target: 10% ROR
MAL: loss of 12-15% ROR
Upside Adjustments: Reduce Put Debit spread to reduce the initial upside risk
Downside Adjustments: NONEOrder Ticket Type Asset Duration Strike C/P Buy To Open SPX 17JUL 2725 PUT Sell To Open SPX 17JUL 2700 PUT Sell To Open SPX 17JUL 2475 PUT Buy To Open SPX 17JUL 2425 PUT Total Debit: 0.60
