COINBASE 72% PoP 30% Profit with short put vertical strategy

2021年5月11日

TA at 1HR TF (because this stock is new, no daily history)

Quick Coinbase play at high IVR, reasons:

- trend changed: higher high , lower lows
- divergence at bottom
- my strike is last bottom as support- $260
- I have very plenty safety zone
- Buying power arrieved as volume

Max profit: $220
Probability of Profit: 72%
Profit Target relative to my Buying Power: 28%
Max loss with my risk management: ~$290


Req. Buy Power: $780 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 93 (ultra high)
Expiry: 38 days


Buy 1 COIN Jun18' 250 Put
Sell 1 COIN Jun18' 260 Put

Credit Put spread for 2.2cr, because IVR is very high.


Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 290$. Probability of loss in this way: ~10% .

Take profit strategy: 65% of max.profit in this case with auto sell order at 0.77db. Probability of profit this way: ~90%.

Of course I'll not wait until expiry in any case!



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2021年5月13日

註釋

At the border before event!
Double my position for 5.5cr, IVR is exrtreme high - 111 !