CRM - Jan.'18 Exp. Put Vertical Debit Spread

22 Ara 2017

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.

4 Oca 2018

Not

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.

22 Oca 2018

İşlem kapandı: durdurma seviyesi

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.