SMA50 as support
Long 61.5
Stop 50
Target 75
next Earning 01/30/2024
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 2024 Jun Call spread C65/75
Limit 2.96
SellToOpen 2024 Jun Put P50 (Delta -0.17)
Limit 1.92
Cost 1.04, if price stays between 50 and 65, max loss 1.04 x $100.
Stop below 50, max loss about $4.0 x100.
Long 61.5
Stop 50
Target 75
next Earning 01/30/2024
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 2024 Jun Call spread C65/75
Limit 2.96
SellToOpen 2024 Jun Put P50 (Delta -0.17)
Limit 1.92
Cost 1.04, if price stays between 50 and 65, max loss 1.04 x $100.
Stop below 50, max loss about $4.0 x100.
Trade active
Current price 64.14SellToOpen 2024 Jun Call spread C75/85 Limit 1.20
Current hold butterfly C65/75/85
(2.96-1.2=1.76 reduced cost)
BuyToClose 2024 Jun Put P50 Limit 0.72 ( win 1.92-0.72=1.2)
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reduced max risk: 1.76-1.2=0.56.
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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.
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.