Trade details: 105/98 Put Vertical Debit Spread @ $2.69 Prob. of Max Profit = 13.29% Prob. of Max Loss = 35.05% Break-even @ $102.31 28 D.T.E.
Trade plan: Entry by overbought + mean reversion signals Expecting for pull-back to the $100 level well within the at-the-money straddle expected move by expiration. Expecting to adjust aggressively to minimize loss if price moves above $106.50 level.
코멘트
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Adjustment: Due to break out of expected range + expiration date is close. 104/97 Put Vertical Credit @ 0.42 Converts CRM Debit Vertical into CRM Put Iron Condor
New position: Adjustment into 105/104/98/97 Put Condor Debit Spread @ $2.27 (0.42) 15% reduction in Max Loss.
Expecting to take greater even smaller loss IF price drifts between $105 and $97 by expiration. Same trade bias, but reduced Max Loss.
거래청산: 스탑 닿음
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Adjustment into 105/104/98/97 Put Condor Debit Spread @ $2.27
Expired worthless on Jan '18 expiration after adjustment 15% for reduction in Max Loss of $227.