tag:blogger.com,1999:blog-9037227913857168302.post2606594537461674506..comments2023-12-29T04:06:49.319-08:00Comments on Smoothprofit: Sold June $116/111 put vertical spreads on TLTCharleshttp://www.blogger.com/profile/08687636210209057326noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9037227913857168302.post-76417824970924436272015-05-08T05:05:11.726-07:002015-05-08T05:05:11.726-07:00Hi Charles,
I'm really enjoying your blog, lo...Hi Charles, <br />I'm really enjoying your blog, lots of very helpful insights. Quick question. I note in your charts you have a P&L below the price chart. How can I reproduce that in my own ToS charts? Thanks.Mark Snoreply@blogger.comtag:blogger.com,1999:blog-9037227913857168302.post-49806729486772147912015-05-07T13:05:48.487-07:002015-05-07T13:05:48.487-07:00Hi Mark,
I looked at the trade from high probabil...Hi Mark,<br /><br />I looked at the trade from high probability perspective. Due to the extended drop below Bollinger band, I considered it a high probability to revert to normal. If I calculate the credit/risk, the reward to risk ratio is far below the 2:1 desired by many directional traders. Your put at $113 seemed to have a nice range now.<br />Thanks<br />Charles<br />Charleshttps://www.blogger.com/profile/08687636210209057326noreply@blogger.comtag:blogger.com,1999:blog-9037227913857168302.post-91788179318915270862015-05-07T12:38:46.356-07:002015-05-07T12:38:46.356-07:00That looks like a good risk-reward trade given the...That looks like a good risk-reward trade given the sharp decline over the past week. I put on a 118-136 June strangle in mid April and was forced to push the puts out to 113 once we broke trend and 200D at 123 on Monday. Nice recovery today but job numbers tomorrow will be all important.Mark Snoreply@blogger.com