We’re going to take profits on this trade early. We put this trade on 8 days ago and now we have collected about 40% of max potential profit. Remember, at entry we were looking for 50% of profit in 20 days as our first target and we got there a little bit quicker. It makes sense to take this trade off for a profit and look for another trade.
| IncomeLab Order Ticket | ||||
| Type | Asset | Duration | Strike | C/P |
|---|---|---|---|---|
| STC | SPX | 2 DEC 16 | 2245 | Call |
| BTC | SPX | 2 DEC 16 | 2235 | Call |
| BTC | SPX | 2 DEC 16 | 1950 | Put |
| STC | SPX | 2 DEC 16 | 1940 | Put |
| Total Debit: | 1.05 | |||