Closing this trade at 51% of max profit in 14 DIT.
Original credit: 1.75
Margin: 8.25
ROR: 10.90%
Credit to open: $1.75
Debit to close: .85c
Profit: .90c
(90/175)*100=51.42%
My cheatsheet on position management:
| 30 DTE | ||||
| % of Max Profit | Avg Trading Days Held | |||
| 10% | 2 | |||
| 20% | 5 | |||
| 30% | 8 | |||
| 40% | 10 | |||
| 50% | 13 | |||
| 60% | 16 | |||
| 70% | 18 | |||
| 80% | 21 | |||
| 90% | 23 | |||
| 100% | Expiration | |||
| 45 DTE | ||||
| % of Max Profit | Avg Trading Days Held | |||
| 10% | 3 | |||
| 20% | 6 | |||
| 30% | 10 | |||
| 40% | 15 | |||
| 50% | 19 | |||
| 60% | 24 | |||
| 70% | 28 | |||
| 80% | 32 | |||
| 90% | 35 | |||
| 100% | Expiration | |||
| 60 DTE | ||||
| % of Max Profit | Avg Trading Days Held | |||
| 10% | 5 | |||
| 20% | 10 | |||
| 30% | 15 | |||
| 40% | 20 | |||
| 50% | 25 | |||
| 60% | 30 | |||
| 70% | 34 | |||
| 80% | 40 | |||
| 90% | 44 | |||
| 100% | Expiration |
