K200 closed at 244.94 -3.11 (-1.25%) on Jul08.
1. August 240/237.5 Put Spread
- DTE 36 days
- Delta 32.06 (Hit above Delta 30)
- Loss 207% (hit > 200%)
- 4.94 points away
- 244 could be the next support though not strong, then 240 support but that is the strike price!
- Action : Delta and Loss guideline hit but not DTE. Cut loss first! To roll or not? May open entry at 230, with DTE 36 (failed my minimum DTE=42 requirement).
2. August 262.5/265 Call Spread
Unrealized profit/loss : 65%
Delta : 5.26
- Action : take profit when target profit 70% hit. To roll or not? May open entry 260/262.5 Call Spread, with DTE 36 to hedge Put Spread 240/237.5
3. September position
- DTE 64 days
- 1SD (265.12/230.98)
- Action : accumulate if Entry guidelines met
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