A little engagement trade here to keep me occupied in this sideways market ... .
Filled for a 7.05 credit (705/contract). I'll look to take it off at something like 25% max profit or at about 176/contract.
Comment
As it stands now, this thing is at 16% of max profit as of today's close. I'm still shooting to take it off at 25% max profit, but you may want to "lock in" what you have here. I mean 16% of the max profit for an options trade put on a day ago is pretty darn good.
Comment
Covered for a 5.60 debit. 7.05-5.60=1.45 (145/contract profit). It represents about 20% of max profit, and if you can get that in two days, well, you take that money and run.
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.