$DAL 16% Profit for 16 days? Not bad. #nakedput #daytrading
Dealta Airlines correction, playing out with naked put option.
Reasons:
- high reward for next monthly expiry (mangeable with rolling) -> collecting credit
- breakeven point is far
- RSI is oversold.
Max profit: $92
Probability of 50%Profit: 78%
Profit Target relative to my Buying Power: 16%
Req. Buy Power: $558 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 96 (very high)
Expiry: 16 days
SETUP: NAKED PUT for $DAL, because IVR is high, for 0.92cr
* Sell 1 DAL DEC17'32 PUT
Management: ROLLING if daily candle is closing below of BE.
Take profit strategy: 50% of max.profit in this case with auto buy order at 0.46db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Reasons:
- high reward for next monthly expiry (mangeable with rolling) -> collecting credit
- breakeven point is far
- RSI is oversold.
Max profit: $92
Probability of 50%Profit: 78%
Profit Target relative to my Buying Power: 16%
Req. Buy Power: $558 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 96 (very high)
Expiry: 16 days
SETUP: NAKED PUT for $DAL, because IVR is high, for 0.92cr
* Sell 1 DAL DEC17'32 PUT
Management: ROLLING if daily candle is closing below of BE.
Take profit strategy: 50% of max.profit in this case with auto buy order at 0.46db
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
交易結束：目標達成:
50% of full profit, target reached.
I've collected 8% profit realtive to my buying power in one day.
Price moved up and IVR lower.
Nice naked put trade, I like these.
I've collected 8% profit realtive to my buying power in one day.
Price moved up and IVR lower.
Nice naked put trade, I like these.
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