Daily Action Plan

Tuesday, 28 July 2015
K200 closed at 244.98 +0.07 (+0.03%) on Jul27.

1. August 235/232.5 Put Spread
- DTE 17 days
- Delta 9.50
- Profit 33%
- 9.98 points away
- Action : Take Profit before DTE < 14 

2. September 237.5/235 Put Spread
- DTE 45 days
- Delta 23.47 (3 points down move will hit above Delta 30)
- Loss 103% (3 points down move might hit > 200%)
- 237.5/235 Put bid/ask 1.90/1.92 (3 points down move might  hit > 3.00)
- 7.48 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.  3 points up move will hit Delta but not Loss% and DTE guideline.  Cut loss or not?  To roll or not?

3. September position
- DTE 45 days
- 1SD (258.27/231.69)
- Action : accumulate if Entry guidelines met