Tom1trader
Long

Open EEM skewed IronCondor/capped lizard Mar16

AMEX:EEM   ISHARES MSCI EMERGING INDEX FUND
https://www.tradingview.com/chart/OsBXckpZ/
Caught my notice as one of many stocks that popped back to begin filling yesterday's gap. The longer term trend is up.
Schaff Trend Cycle (bottom panel indicator - this is a modification of LazyBear's @LazyBear, customized line color for up/down direction and background color for Elder Ray EFI             grn/red above below zero and dark green/red rising or falling) anyhow this shows cycle down from drop but background shows bounce and continuance of uptrend (to me).
Options are liquid so little cost to getting in and out of the position.
Cost: 78 credit/contract
Max P/L 78/222 upside minimum 28 profit, no loss
Spot when opened 51.11
IV rank percentile 99
Theta .44
Delta 15.9
POP: probability of making .01 or more on the trade 69%

Profit target 25. The bet here is that EEM             will continue to rise, that the high IV will collapse decreasing debit/increasing profit to close the position. If it does this quickly I will grab the money and remove the risk quickly. If it drifts up, Theta decay and price will improve the position. It has some room to drift down and minimum movement would keep it in the higher profit zone (between the short strikes). This is more of a directional trade with a defined max loss so if it goes against me quickly to max loss there will be nothing to lose in waiting for it to come back. If it charges down to breakeven I will review my sentiment and if I think it has whiplashed on me to reverse down again I may close it near scratch.

So I posted the trade and now am "hung by the tongue" in that we will all see if this is profitable or not. Fun!
Trade wurde manuell geschlossen: This type of trade can blast up on the no loss side and be boring with a small profit or as in this case it hung around just outside of the risk side break even; in other words it sat on the line between the highest loss and the highest gain (keeps your attention). At one week from expiration took the opportunity to close this for a scratch.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden