Bobbie 7:00 am on Thursday, March 31, 2016
Tags: SPXcampaign ( 2,265 )

Thinking of doing this trade…

Thinking of doing this trade for APR2 SPX 1985/1965 for .40cr. Please let me know your thoughts?

thomberg1201 7:06 am on Thursday, March 31, 2016

probably safe, but for me, not enough credit, don’t know what you pay for commissions, but that’s just me
Jeff 7:09 am on Thursday, March 31, 2016

As long as you have plan and this trade fits it, then it is fine. The basics of #SPXcampaign is to sell two call spreads and two put spreads for each week’s expiration, with a total number of contracts appropriate for my account size (about 1 iron condor, 25-pt wide wings, for every $25K in my account). I try to sell puts on down moves and calls on up moves. Given that, i would try to sell an APR2 spread now if I hadn’t yet sold a second put spread for that week.
- Bobbie 7:10 am on Thursday, March 31, 2016
  
  Thanks for the comments.
elitethink 8:15 am on Thursday, March 31, 2016

expectancy is win rate x average win – loss rate x average loss. If your win is .40, fill out the rest of the formula according to your rules, if you like the result, green light…