Daily Action Plan

Friday, 17 July 2015
K200 closed at 251.47 +1.82 (+0.73%) on Jul16.

1. August 235/232.5 Put Spread
- DTE 28 days
- Delta 5.10
- Profit 65%
- 16.47 points away
- Action : Take Profit when Profit% > 70% and DTE <30 and Delta <= 5.

2. August 257.5/260 Call Spread
- DTE 28 days
- Delta 22.53 (2 points up move will hit above Delta 30)
- Loss 71% (2 points down move might not, hit > 200%)
- 257.5 Call bid/ask 0.92/0.94
- 6.03 points away
- 255 should be a good 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.
2 point up move will hit Delta but not Loss% guideline.  Cut loss or not?  

3. September 237.5/235 Put Spread
- DTE 56 days
- Delta 13.96
- Loss 17%
- 13.97 points away
- Action : No action required if K200 stay within +/- 2 points.

4. September position
- DTE 56 days
- 1SD (265.60/237.34)
- Action : accumulate if Entry guidelines met