I’m going to set some mental stops on this trade… it’s doing well and has the potential for higher theta gains, but any big move means we lose out on profits.
My stop is visual… if the white line crosses back above the red line, it means we have lost our theta gain. That will be the time to exit the trade.
As it stands that puts our stops at 98.50 and 103.50. If either of those levels are hit, close out the trade.
