Daily Action Plan

Monday, 07 July 2015
K200 closed at 248.30 -6.36 (-2.50%) on Jul06.  Due to the Greece "No" vote to referendum.

1. August 262.5/265 Call Spread
- DTE 38 days
- Delta 10.55
- Action : What a day can make a vulnerable position to become safe.  No action required.

2. August 235/232.5 Put Spread
Unrealized profit/loss : -11%
Delta : 14.56
- Action : What a day can make a profitable position become loss (small).  No action required.

3. August 240/237.5 Put Spread
- DTE 38 days
- Delta 23.22 (2 points down move will hit above Delta 30, ~6 points away)
- Loss 111% (2 points down move might, probably not, hit > 200%)
- 8.30 points away
- 246 is the immediate support (the previous low 246.42, the long uptrend line), 244 could be the next support though not strong, then 240 support but that is the strike price!
- Action : 2 points down move will hit both Delta and Loss% (maybe not) guideline but not DTE.  Cut loss or not?  To roll or not?  To roll up will mean enter position with DTE 38 (failed my minimum DTE=42 requirement).  

4. September position
- DTE 66 days
- 1SD (266.85/229.75)
- Action : accumulate if Entry guidelines met