My heart weep
This is a classic breakout after news of positive earning. The moment the breakout happens, it shot up 20% and will hoover back around 15% but will not drop to the previous day closing price. Recommended a few option kaki to sell put at 25 and 26 for roti prata premium of about 0.4% ROI in 7 days (better than bond or bank interest rate).
Winning week for Week 11
I do not use complex option strategy calculator and neither should I over complicate it. What I do for my weekly option is to write down the trade plan on a stickit note on my computer. Below is what I wrote on my stickit note:
I have computed my probability of win is about 84%, as long as it is above 70%, I will be profitable with my SOS strategy. Last week, probability of win was 64% which is a rare occasion – a losing week.
Not all option strategy that is available in the market work well. Had been testing DL option strategy for 4 months.