Daily Action Plan

Wednesday, 19 August 2015

K200 closed at 235.20 -0.17 (-0.07%) on Aug18, IV 13.295%, HV 13.079%, IV/HV 101.6%.

1. September 227.5/230 Put Spread

- DTE 23 days

- Delta 24.39 (2 points down move will hit above Delta 30)

- Loss 111% (3 points down move might hit > 200%)

- 5.20 points away

- 227.5/230 Put bid/ask 1.39/1.40 (3 points down move might  hit > 3.00)

- 1SD (244.57/225.83)

 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.

2. October position

- DTE 51 days

- 1SD (249.16/221.24)

- Action : accumulate if Entry guidelines met