$TAL is oversold, bullish spread with 72% PoP 33% profit #option

Long time waiting for a pullback at this territory....

Today RSI breaking up, volume arrived, but IVR is still very high.
Optimal for some credit put spread.



Max profit: $250
Probability for 50% of Profit: 72%
Profit Target relative to my Buying Power: 33%


Req. Buy Power: $750 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 80
Expiry: 22 days

Sell 2 TAL Jul16' 22.5 Put
Buy 2 TAL Jul16' 17.5 Put


Credit Put spread for 1.25cr 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$.

Take profit strategy: 65% of max.profit in this case with auto sell order at 0.44db.

Of course I'll not wait until expiry in any case!



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