Lordstown Motors Event Play with high IVR selling for credit for NASDAQ:RIDE by TanukiTrade

Lordstown Motors Event Play with high IVR selling for credit

Selling naked put option at event

Max profit: 90$
Probability of Profit: 77%
Profit Target relative to my Buying Power: 21%
Buy Power: $410
Max loss with my risk management: ~ $300
Tasty IVR: 56
Expiry: 30days

Sell 2 RIDE April16' 10 PUT

Selling put option for 0.45cr each

Stop/my risk management: Closing immediately if daily candle is closing below $10, Safety zone at 13$ support.

Take profit strategy: I'm taking at the 60% of max.profit in this case with auto sell order. (at 0.18 debit)

If you liked this article, check my other ideas.

Anyway: HIT THE LIKE BUTTON BELOW, and for fresh ideas follow me : @mrAnonymCrypto on tradingview anyway!

Trade closed: target reached

Target reached, great profit grabbed.

TanukiTrade

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

Also on:

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.