Long Volatility C975 and P925
Updated
Why?
Price has reached the EMA 26. I assume that the price should move either up or down with volatility.
Also, I have S50M23C975 for 5 contracts.
Long S50M23P925 OTM 5 contracts.
Price has reached the EMA 26. I assume that the price should move either up or down with volatility.
Also, I have S50M23C975 for 5 contracts.
Long S50M23P925 OTM 5 contracts.
Trade active
Long open S50M23P925 OTM @ 12.8 # 5 contracts.Set target profit @ 12.8 + 0.2 + 12.2 = 25.2 to create a risk-free call option at 975.
Trade closed: target reached
Short close S50M23P925 @ 25.2 # 5 S50M23C975 # 5 contracts are now risk-free trade.
Note
Next action:wait for the price to touch EMA 26 and trade the volatility strategy again.
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