New position: ODAX November 2018 Put Spread

Summary

After a nice drop from the level of the 12.400, and currently sitting in 11.650 points, I have decided to open a Put Spread for the November expiration cycle (31 days to go).

DAX 30 on October 16th 2018. Source Investing

Five trading weeks to go and an Implicit Volatility of around 19%. I will adjust the trade if the short option reaches 30 delta.

Trade details

Type	Name	Open Date	DTE	Spot	Max Win	Max Loss
Put Spread	ODAX Nov 2018 10900 - 10500	16/10/2018	31	11650	143,20 €	1.856,80 €

You can see all the trade details here.

Portfolio

The sold Put Option in the IBEX 35 index, part of the Systematic Put Writing, will be rolled at the end of this week and right now it is in the money.

See also

• Closed: ODAX September 2018 Put Spread
• Systematic Put Write - September 2018
• 2018 Trades (so far)
• 2017 Track Record