AyKing
07-19

I opened $MA VERTICAL 240823 PUT 430.0/PUT 435.0$  ,In the weekly chart, it seems to me that price is trading size ways and above the 200MA ($433). In the daily chart, the price had moved above the 200MA ($438). Giving me the probability of pricing trying to stay above $430. In the option chain, the delta for strike price $435 is less than 0.3, in view of the probability of sector rotation, I have decided to enter this bull put spread. As long as price stays above $435, this trade is profitable.
MA Vertical
07-18 23:03
US430.0/435.0
SidePriceRealized P&L
Credit
Open
-1.05--
Holding
MA VERTICAL 240823 PUT 430.0/PUT 435.0
# Trade Feed: Who is your favorite star traders?

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  • SummerNight
    ·07-19
    TOP

    There's a limit to how much you can make with bull put spreads, but you can still get a steady income if you make moderate gains.

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    • AyKing: 
      Yeah. Win small to become bigger. I think I don’t have the skills to win big on a single trade. Have to get the direction and timing correct.
      07-19
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  • jinglese
    ·07-19
    Sounds good
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