Daily Action Plan

Friday, 31 July 2015
K200 closed at 243.61 -2.36 (-0.96%) on Jul30, IV was 13.1340%.

1. August 235/232.5 Put Spread
- DTE 14 days
- Delta 9.81
- Profit 33%
- 8.61 points away
- Action : Take Profit before DTE < 14 

2. September 237.5/235 Put Spread
- DTE 42 days
- Delta 26.71 (2 points down move will hit above Delta 30)
- Loss 125% (2 points down move might hit > 200%)
- 237.5/235 Put bid/ask 1.88/1.95 (2 points down move might  hit > 3.00)
- 6.11 points away
- 241.49 (last low) is the next support but only 3.99 points away.  Too close. Then 240 or next previous low (239.09)
- Action : Monitor closely on the Delta, Loss% and the price of 237.5 Put.  Cut loss if Delta > 30, Loss > 200%, before 237.5 put get close to 3.00.

3. September position
- DTE 42 days
- 1SD (256.57/230.65)
- Action : accumulate if Entry guidelines met