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 $379
Take profit strategy: I'm taking at the 55% of max.profit in this case with auto sell order. (at 4.56 credit)
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and follow my fresh ideas ( @TanukiTrade on tradingview ).
(1) RSI in the middle zone
Any direction is possible
(2) Forming a bullish triangle - again
Similar cases in the past one year:
(3) There is a little more space to the upside
(4) Relative Implied Volatility is low
So I'm choosing a debit strategy.
CONCLUSION:
I'm using LONG CALL VERTICAL -
Buy 1 SPY April16' 375 Call
Sell 1 SPY April16' 380 Call
Debit call spread for 4.12 debit
Probability of Profit: 66%
Profit Target relative to my Buying Power: 21%
Max profit: 88$
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 ( @TanukiTrade on tradingview ).
トレード終了: 利益確定目標に到達:
Trade closed at target profit in 2 weeks.
10% profit on my capital.
10% profit on my capital.