Daily Action Plan

Tuesday, 14 July 2015
K200 closed at 249.84 +3.01 (+1.22%) on Jul13.

1. August 235/232.5 Put Spread
- DTE 31 days
- Delta 10.75
- Profit 5%
- 14.84 points away
- Action : No action required if K200 stay within +/- 2 points.

2. August 257.5/260 Call Spread (45 contracts)
- DTE 31 days
- Delta 21.19 (2 points up move will hit above Delta 25; 3 points up move will hit above Delta 30, <5 points away)
- Loss 71% (3 points down move might not, hit > 200%)
- 7.66 points away
- 250 is the next support (too close), then 255 support but that is only 2.5 points away.
- Action : Monitor closely on the Delta, Loss% and the price of 257.5 Call.  Do not let the price of 257.5 Call get close to 3.00.

3. September position
- DTE 59 days
- 1SD (265.12/230.98)
- Action : accumulate if Entry guidelines met