Daily Action Plan

Thursday, 30 July 2015
K200 closed at 245.97 +0.76 (+0.31%) on Jul29.

1. August 235/232.5 Put Spread
- DTE 15 days
- Delta 6.97
- Profit 50%
- 10.97 points away
- Action : Take Profit before DTE < 14 

2. September 237.5/235 Put Spread
- DTE 43 days
- Delta 21.76
- Loss 68% 
- 237.5/235 Put bid/ask 1.55/1.61
- 8.47 points away
- 244 is the immediate support, 241.49 (last low) is the next support, then 240 or next previous low (239.09)
- Action : Monitor closely on the Delta, Loss% and the price of 237.5 Put.  Do not let the price of 237.5 Call get close to 3.00. 

3. September position
- DTE 43 days
- 1SD (259.03/232.91)
- Action : accumulate if Entry guidelines met