New position: ODAX October 2018 Put Spread

Summary

The DAX index is hitting again the lower 12.100 level so I decided to open a Put Spread for the October expiration cycle (44 days to go).

DAX 30 on September 5th. Source Investing 

Six and a half trading weeks to go and an Implicit Volatility of 18%. My bet is that the support will hold and the market will rebound again. If things go wrong, I will adjust the trade when the short option reaches 30 delta.

Trade details

Type	Name	Open Date	DTE	Spot	Max Win	Max Loss
Put Spread	ODAX Oct '18 11300/10900	05/09/2018	44	12100	183,20 €	1.816,80 €

You can see all the trade details here.

Portfolio

No other position open in the portfolio at the time of this writing. Last week, I was about opening a Calendar Spread but I was too busy for that. When I finally got free the day after, volatility spiked and the DAX index dropped, making impossible the trade.

See also

• Options Creator
• Closed: ODAX September 2018 Put Spread
• 2018 Trades (so far)
• 2017 Track Record