This is a trading school homework. I need 6 months to practice trading plan. If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Trading stock in this plan might be stopped too easily. In my real trade, I use option Delta to simulate 40 shares of stock. I bought Sep C40/50 (Delta 0.22), limit 2.55; and Sell Sep P23 (Delta -0.18) limit 2.55; stop when 23. This option strategy is BFF "Buy For Free". If XOP stays between 23 and 40. No winner, no loser.
Transaction en cours
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I bought Sep C40/50 (Delta 0.22), limit 2.55; and Sell Sep P23 (Delta -0.18) limit 2.55; stop when 23.
Trade fermée manuellement
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SellToClose P23 limit 1.99 -- remove the downside risk SellToOpen C45/55 limit 1.99 -- cover the cost Till now, I got a long position XOP Condor C40/45/50/55 for free. This is a winner.