Lordstown Motors Event Play with high IVR selling for credit

Selling naked put option at event

• Max profit: 90$
  
• Probability of Profit: 77%
  
• Profit Target relative to my Buying Power: 21%
  
• Buy Power: $410
  
• Max loss with my risk management: ~ $300
  
• Tasty IVR: 56
  
• Expiry: 30days
  

Sell 2 RIDE April16' 10 PUT

Selling put option for 0.45cr each



Stop/my risk management: Closing immediately if daily candle is closing below $10, Safety zone at 13$ support.


Take profit strategy: I'm taking at the 60% of max.profit in this case with auto sell order. (at 0.18 debit)


If you liked this article, check my other ideas.

Anyway: HIT THE LIKE BUTTON BELOW, and for fresh ideas follow me : @TanukiTrade on tradingview anyway!

أغلقت الصفقة: تم الوصول للهدف:

Target reached, great profit grabbed.