I opened $MDB VERTICAL 240823 PUT 240.0/PUT 235.0$  ,In the daily chart, the recent lowest price is about $237. Looking at the option chain, the delta for $235 is less than 0.3. Therefore, I have entered this trade to see if this simple method works out in my flavour.
MDB Vertical
07-18 21:49
US240.0/235.0
SidePriceRealized P&L
Credit
Open
-1.10--
Holding
MDB VERTICAL 240823 PUT 240.0/PUT 235.0
# Trade Feed: Who is your favorite star traders?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment6

  • Top
  • Latest
  • quiettt
    ·07-19
    TOP

    What is your plan if the price falls below $235?

    Reply
    Report
    Fold Replies
    • AyKing
      Close the trade and cut lost.
      07-19
      Reply
      Report
  • gogogoFor
    ·07-19

    It is a smart approach. It will be interesting to see how this plays out.

    Reply
    Report
  • WendyDelia
    ·07-19
    Nice trade! Good luck! [Applaud][Heartbreak]
    Reply
    Report
  • Guy
    ·07-19
    Nice strategy
    Reply
    Report
  • ybhj
    Reply
    Report