$BABA high P/L debit spread +170% TP with options #baba #alibaba
Alibaba suffered the past one year.
My last trade was an
BABA Iron Condor, closed in profit:
https://www.tradingview.com/chart/BABA/jgmj08pD-BABA-highest-IVR-in-this-year-bullish-Iron-Condor-trading/
Now it's time to play for some bullish bounce.
Reasons:
* Bullish volume, +10% in one day.
* Oversold smooth RSI
* Reasonable setup before event
* Bullish action candle
Max profit: $1100
Probability for 50% of Profit: 50%
Profit Target relative to my Buying Power: 170%
Req. Buy Power: $396 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 45 (average implied volatility rank)
Expiry: 15 days
Buy 3 BABA Jan14' 130 Call
Sell 3 BABA Jan14' 135 Call
Summary, 3 debit call spreads for 1.32db each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the red line, max loss in my calculations in this case could be ~$250.
Take profit strategy: 65% of max.profit in this case with auto sell order at 3.75cr for each position OR reaching the profit target level ($135 price lvl) - whichever occurs first.
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( @mrAnonymCrypto ) on tradingview!
My last trade was an
BABA Iron Condor, closed in profit:https://www.tradingview.com/chart/BABA/jgmj08pD-BABA-highest-IVR-in-this-year-bullish-Iron-Condor-trading/
Now it's time to play for some bullish bounce.
Reasons:
* Bullish volume, +10% in one day.
* Oversold smooth RSI
* Reasonable setup before event
* Bullish action candle
Max profit: $1100
Probability for 50% of Profit: 50%
Profit Target relative to my Buying Power: 170%
Req. Buy Power: $396 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 45 (average implied volatility rank)
Expiry: 15 days
Buy 3 BABA Jan14' 130 Call
Sell 3 BABA Jan14' 135 Call
Summary, 3 debit call spreads for 1.32db each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the red line, max loss in my calculations in this case could be ~$250.
Take profit strategy: 65% of max.profit in this case with auto sell order at 3.75cr for each position OR reaching the profit target level ($135 price lvl) - whichever occurs first.
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( @mrAnonymCrypto ) on tradingview!
Trade closed: target reached
Today I've closed higher profit, than I've expected.Vertical spread sold for 4.1cr, target reached.
Summary of profit on this trade:
$834 in 12 days, with $396 buying power.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Boost up your charts with Options PRO!
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.