Daily Action Plan

Monday, 08 July 2015
K200 closed at 248.05 -0.25 (-0.10%) on Jul07.

1. August 240/237.5 Put Spread
- DTE 37 days
- Delta 22.99 (2 points down move might hit above Delta 30, ~6 points away)
- Loss 97% (2 points down move might not, hit > 200%)
- 8.05 points away
- 246 is the immediate support (the previous low 246.42, 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 might hit Delta guideline but not DTE.  Cut loss or not?  To roll or not?  To roll up will mean enter position with DTE 37 (failed my minimum DTE=42 requirement). 

2. September position
- DTE 65 days
- 1SD (265.12/230.98)
- Action : accumulate if Entry guidelines met