Trade the news ,use panic selling, short Nov 16 naked 350 call

2018年9月28日

Reason to take this trade: market panic selling, IVR is at 100%

Put on Nov 16 naked 350 call for $5 per share, juicy premium to collect

Target Profit: 1/3 - 2/3 of premium

Stop Loss: 1x of premium collected

Trade duration target 3 - 8 trading days

2018年10月1日

交易結束：達到停損點

got killed by the news.