New position: ODAX May 2018 Put Spread

Summary

This morning, with the DAX 30 hitting 11800, I opened a 10700/10300 Put Spread aiming for the May expiration cycle (44 days until expiration).

DAX 30 on April 4th 2018. Source Investing

It does not have much time value compared with other trades and the short delta was smaller than usual (closer to 10 than to the usual 16), but the German index has been breaking some supports and we might be entering a bear market. I did not go for a full Iron Condor as I fear the index tendency for bouncing upwards.

Trade details

Type	Name	Open Date	DTE	Spot	Max Profit	Max Loss
Put Spread	ODAX May 2018 10700/10300	4/4/2018	44	11850	125,00 €	1.875,00 €

You can see all the trade details here.

Portfolio

No other position open in the portfolio at the time of this writing.

See also

• Closed: ODAX April 2018 Iron Condor
• 2018 Trades (so far)
• 2017 Track Record