Daily Action Plan

Monday, 27 July 2015
K200 closed at 244.91 -2.40 (-0.97%) on Jul24.

1. August 235/232.5 Put Spread
- DTE 18 days
- Delta 10.44
- Profit 20%
- Profit SGD 1,300
- 9.91 points away
- Action : Take Profit before DTE < 14 

2. September 237.5/235 Put Spread
- DTE 46 days
- Delta 25.55 (2 points down move will hit above Delta 30)
- Loss 108% (2 points down move might hit > 200%)
- 237.5/235 Put bid/ask 1.93/2.17 (2 points down move might  hit > 3.00)
- 7.41 points away
- 244 is the immediate support, 241.49 (last low) is the next support, then 240 or next previous low (239.09)
- Action : Monitor closely on the Delta, Loss% and the price of 237.5 Put.  Do not let the price of 237.5 Call get close to 3.00.  2 points up move will hit Delta but not Loss% and DTE guideline.  Cut loss or not?  To roll or not?

3. September position
- DTE 46 days
- 1SD ( 257.88/231.94  )
- Action : accumulate if Entry guidelines met