ICLN Bullish inclined naked puts 14 Oct expiry

Whats The Plan/Trade/Thought

• ICLN is one of the 3 largest renewable energy ETF’s by assets under management. These 3 ETFs all have a significant holding on to stock ENPH. So it almost acts like an insulated ENPH proxy.
  
• ICLN generally follows the S&P and the drops a less drastic. The recent 6% gap up was due to ENPH strong earnings (20% above estimates)
  
• Overall it is generally a bullish sector and I think this has to do with the Oil and Gas conflict and volatility
  
  Risk Mitigation
  
• There is an uptrend S&R line and the Strike at 20 is at a position before their gap up. If we break this gap it would be a significant change in direction and time to exit
  
• I expect some bearish movements that follows the broader market’s volatility but more muted
  
  Imagine Yourself Taking The Other Side
  
• It is not a bad decision to take the opposite direction, even with the same hypothesis. Just worried about the upward gaps since ENPH seems to be doing well
  
  Look For New Information
  
• Fed rate hikes are happening next week, this could be a game changer
  
  How Do I Feel Now
  
• I really like this trade, I need to find more like this
  
  Trade Specs
  
• Sold 300 PUTs @ 0.15
  
• Strike 20
  
• % to Strike: 13.09%
  
• BP Used: 66K
  
• Max Gain: 4500
  

手動でトレードを終了しました:

Lost this trade. I am stop hedge trades because it doesn't work especially when the price accelerates against you