GameStopUpdated GME long
Entry 20.86
Stop 17.5
Target 40
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen Apr Call spread C25/40 ( Buy 2025_04_17 C25, sell 2025_04_17 C40 )
Limit 1.73 (C25 Delta=0.52)
Stop 17.5
Target 40
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
BuyToOpen Apr Call spread C25/40 ( Buy 2025_04_17 C25, sell 2025_04_17 C40 )
Limit 1.73 (C25 Delta=0.52)
Trade active
BuyToOpen Apr Call spread C25/40 ( Buy 2025_04_17 C25, sell 2025_04_17 C40 )
Limit 1.73 (C25 Delta=0.52)
Trade active
SellToOpen Apr put P16 (delta= -0.21)
limit 1.6
Total cost: 1.73-1.6= 0.13 (near buy for free -- BFF)
Note
Current price 28.91, Adjust position to remove risk:
Sell to open Call spread C40/55 limit 1.28. So, hold Call butterfly C25/40/55. Cost 1.73-1.28= 0.45.
BuyToClsoe Apr put P16, limit 0.9, win 0.7=1.6-0.9.
Overall, this trade win 0.7-0.45= 0.25, and hold C25/40/55 for free.
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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.