$TAL is oversold, bullish spread with 72% PoP 33% profit #option
Long time waiting for a pullback at this territory....
Today RSI breaking up, volume arrived, but IVR is still very high.
Optimal for some credit put spread.
Max profit: $250
Probability for 50% of Profit: 72%
Profit Target relative to my Buying Power: 33%
Req. Buy Power: $750 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 80
Expiry: 22 days
Sell 2 TAL Jul16' 22.5 Put
Buy 2 TAL Jul16' 17.5 Put
Credit Put spread for 1.25cr each
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 250$.
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.44db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
Today RSI breaking up, volume arrived, but IVR is still very high.
Optimal for some credit put spread.
Max profit: $250
Probability for 50% of Profit: 72%
Profit Target relative to my Buying Power: 33%
Req. Buy Power: $750 (max loss without management before expiry, no way to let this happen!)
Tasty IVR: 80
Expiry: 22 days
Sell 2 TAL Jul16' 22.5 Put
Buy 2 TAL Jul16' 17.5 Put
Credit Put spread for 1.25cr each
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 250$.
Take profit strategy: 65% of max.profit in this case with auto sell order at 0.44db.
Of course I'll not wait until expiry in any case!
If you liked this article, check my other ideas.
Anyway: HIT THE LIKE BUTTON BELOW, and for fresh option ideas FOLLOW ME( @TanukiTrade ) on tradingview!
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My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
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