Daily Action Plan

Monday, 20 July 2015
K200 closed at 250.23 -1.24 (-0.49%) on Jul17.

1. August 235/232.5 Put Spread
- DTE 25 days
- Delta 6.09
- Profit 56%
- 15.23 points away
- Action : Take Profit when Profit% > 70% and DTE <30 and Delta <= 5.

2. August 257.5/260 Call Spread
- DTE 25 days
- Delta 17.76 (2 points up move will hit above Delta 25)
- Loss 25% (2 points down move might not, hit > 200%)
- 257.5 Call bid/ask 0.65/0.66
- 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.

3. September 237.5/235 Put Spread
- DTE 53 days
- Delta 15.69
- Loss 13%
- 12.73 points away
- Action : No action required if K200 stay within +/- 2 points.

4. September position
- DTE 53 days
- 1SD (264.36/236.10)
- Action : accumulate if Entry guidelines met