Summary
This morning, after about 5% decline in ten days or so and the IV (Implicit volatility) at 16, I opened a 12200 - 11800 Credit Put Spread aiming for the December expiration cycle.
Only 30 days until expiration and not too much delta, so the credit received is rather small. I´m betting on some sideways action on the former 12800-12900 resistance level.
Trade details
Type | Name | Open Date | DTE | Spot | Max Win | Max Loss |
Put Spread | ODAX Dec 2017 12200/11800 | 15/11/2017 | 30 | 12900 | 113,50 € | 1.887,50 € |
Above profit/loss graphic show that we are good as long as we close over 12200, while max damage is reached at 11800. Adjustment (closing) point is 30 delta this time.
You can see all the trade details
here.
See also
No comments:
Post a Comment