New Position: ODAX January 2019 Put Spread

Summary

Opened a new 9900 - 9500 Put Spread using the January 2019 ODAX options. DAX is now at 10740 (that is -6% since last week!).

DAX 30 on December 12 2018. Source Investing

Six trading weeks to go and an Implicit Volatility of around 22%. I will adjust the trade if the short option reaches 30 delta. Also I will close the trade if there is a bounce upwards and I am able to get a 60/70% of the maximum premium quickly.

Trade details

Type	Name	Open Date	DTE	Spot	Max Win	Max Loss
Put Spread	ODAX Jan 2019 9900 - 9500	10/12/2018	39	10750	175,70 €	1824,30€

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 next week and right now it is in the money.

See also

• Systematic Put Writing - November 2018
• Closed: ODAX December 2018 Put Spread
• 2018 Trades (so far)
• 2017 Track Record