S&P500 Long Call Vertical 66% Probability Of Profit
Updated
I've played yesterdays some S&P500 with vetical spread.
(1) RSI in the middle zone
Any direction is possible
(2) Forming a bullish triangle - again
Similar cases in the past one year:
(3) There is a little more space to the upside
(4) Relative Implied Volatility is low
So I'm choosing a debit strategy.
CONCLUSION:
I'm using LONG CALL VERTICAL -
Buy 1 SPY April16' 375 Call
Sell 1 SPY April16' 380 Call
Debit call spread for 4.12 debit
Probability of Profit: 66%
Profit Target relative to my Buying Power: 21%
Max profit: 88$
Max loss at expiry: 412$ (Buy Power)
Max loss with my risk management: ~95$
Tasty IVR: 4.8
Expiry: 36 days
Stop/my risk management: Closing immediately if daily candle is closing below $379
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 4.56 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
(1) RSI in the middle zone
Any direction is possible
(2) Forming a bullish triangle - again
Similar cases in the past one year:
(3) There is a little more space to the upside
(4) Relative Implied Volatility is low
So I'm choosing a debit strategy.
CONCLUSION:
I'm using LONG CALL VERTICAL -
Buy 1 SPY April16' 375 Call
Sell 1 SPY April16' 380 Call
Debit call spread for 4.12 debit
Probability of Profit: 66%
Profit Target relative to my Buying Power: 21%
Max profit: 88$
Max loss at expiry: 412$ (Buy Power)
Max loss with my risk management: ~95$
Tasty IVR: 4.8
Expiry: 36 days
Stop/my risk management: Closing immediately if daily candle is closing below $379
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 4.56 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @mrAnonymCrypto on tradingview ).
Trade closed: target reached
Trade closed at target profit in 2 weeks.10% profit on my capital.
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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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