Short Trade > DEBIT SPREAD Buying Put Vertical (Bear Put Spread)
This is a Swing Trade, starting small to be able to scale in in different levels.
ES x -1 JAN 20 3900 PUT (Sell)
ES x 1 JAN 20 3950 PUT (Buy)
For now:.
MAX RISK = Debit Paid (-$750.00)
MAX PROFIT = +$1.750
*This option trade, swing to the buy side, helps us to mitigate the THETA BURN and betting that IV will rise with VIX
Trade closed: target reached
Got 42% in one day, so no reason to hold the risk ! I'm all out ! Great Trade and ES looks weak and heading lower now
Options & Futures Trader
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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.
Options & Futures Trader
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.