New position: ODAX September 2018 Put Spread

Summary

This morning, with the DAX 30 hitting 12350, I opened a 11500/11100 Put Spread aiming for the September expiration cycle (39 days until expiration).

DAX 30 on August 13th 2018. Source Investing

Six trading weeks to go and an Implicit Volatility of 19%. The DAX index has declined a bit during this month so my bet is for a slight rebound and a continuation of this sideways market for some weeks.

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 Sept '18 11500/11100	13/08/2018	39	12350	172,00 €	1.838,00 €

You can see all the trade details here.

Profit/loss graph for the trade. Source Options Creator

Portfolio

No other position open in the portfolio at the time of this writing. Volatility is still too high for opening a Calendar Spread.

See also

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