Probability of Success:
61% probability of adjustment free Tomorrow
69% implied probability of expiring profitable
72% historical probability of expiring profitable
Contingent orders
:- Buy CALL spreads for .10c (GTC order)
- Buy PUT spreads for .10c (GTC order)
- Stop Loss @ or bellow 295, or @ or above 422.5 (Day Order)**
** Increase Imp.Vol by +5% to estimate down-side, Decrease Imp.vol by -5% to estimate up-side
3 comments:
Gus: this loss to reward on this profile looks more than 3:1; is this right ?
TrackingCR: Yes, I ate away the trade's profit potential when adjusting for the down-side. This trading is calling my attention to adjusting or not adusting condors..
TrackingCR: I've been thinking really hard about these adjustments. If you simply put the trade and close it if you are down 1.5x your cash-flow your risk:reward is maintained and therefore makes more sense to do.
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