SMH 75% PoP & 18% profit in 2 weeks with monthly vertical
Updated
Quick 2 week vertical play:
* Bullish triangle
* Buy volume
* 14 month bullish trend
Max profit: $156
Probability of Profit: 75%
Profit Target relative to my Buying Power: 18%
Max loss with my risk management: ~$250
Req. Buy Power: $844 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 5.4
Expiry: 15 days
Buy 2 SMH May21' 230 Put
Sell 2 SMH May21' 235 Put
Credit PUT spread for 0.78cr each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 250$. Probability of loss in this way: ~12% .
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.27db. Probability of profit this way: ~88%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
* Bullish triangle
* Buy volume
* 14 month bullish trend
Max profit: $156
Probability of Profit: 75%
Profit Target relative to my Buying Power: 18%
Max loss with my risk management: ~$250
Req. Buy Power: $844 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 5.4
Expiry: 15 days
Buy 2 SMH May21' 230 Put
Sell 2 SMH May21' 235 Put
Credit PUT spread for 0.78cr each.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 250$. Probability of loss in this way: ~12% .
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.27db. Probability of profit this way: ~88%.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview!
Note
Note: updated trendline.I'm not sh*t in my pants.
Trade closed manually
Worst timing ever. S&P falling, uptrend interrupted. Minimalize loss.
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
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
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