Daily Action Plan

Thursday, 02 July 2015
K200 closed at 255.07 +2.80 (+1.11%) on Jul01.
1. August 262.5/265 Call Spread
- DTE 43 days
- Delta 25.8 (2 points up move will hit above Delta 30, 5 points away)
- Loss 161% (2 points up move will probably hit > 200%)
- 7.43 points away
- 256 could be a resistance but not that strong, the stronger resistance is at 260 (2.5 points away) but that is too close for comfort
- Action : cut loss or not?  it will hit Delta and Loss guidelines but not DTE.  To roll up will mean enter position with DTE 43 (met my minimum DTE requirement).

2. September position
- DTE 71 days
- 1SD (272.24/237.90)
- Action : accumulate if Entry guidelines met