Prepared for S&P500 correction with Buying PUT option
I've closed every other position, staying in cash and
playing for SPX correction because:
1/ SP500 RSI falling down
2/ Strong trendline broken
3/ Selling Volume increased
My strategy is simple:
BUY SPY Jun30' 415 PUT for 3.85db, because VIX is realive low
SIZING: only a little of my CAP is used for this binary play.
Stop/my risk management: Closing immediately if daily candle is closing ABOVE the box, max loss in my calculations in this case could be 50% of position.
Take profit strategy: selling about ~38cr (x10).
Of course I'll not wait until expiry...!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
playing for SPX correction because:
1/ SP500 RSI falling down
2/ Strong trendline broken
3/ Selling Volume increased
My strategy is simple:
BUY SPY Jun30' 415 PUT for 3.85db, because VIX is realive low
SIZING: only a little of my CAP is used for this binary play.
Stop/my risk management: Closing immediately if daily candle is closing ABOVE the box, max loss in my calculations in this case could be 50% of position.
Take profit strategy: selling about ~38cr (x10).
Of course I'll not wait until expiry...!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Trade chiuso: stop raggiunto:
Closed obviously.
The nature of these hedging doesn't matter the loss, because next time the single put option's profit will absolutely cover it.
The nature of these hedging doesn't matter the loss, because next time the single put option's profit will absolutely cover it.
Idee correlate
