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Home › Forums › Closed Trades › [CLOSED +10%] Fade in SPX
Setup: Overbought
Price: 2160
Description: I think SPX will *eventually* come into 2200. However, if it happens in the near term then it’s a good fade.
The trade setup:
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
STO | SPX | Aug | 2220 | Call |
BTO | SPX | Aug | 2225 | Call |
Total Credit: | 0.7 |
Filled on a GTC at .70
Will add at 1.20, 1.70
I have buy to close (BTC) orders at 0.30
Taking profits here:
Full Time Profits Order Ticket | ||||
Type | Asset | Duration | Strike | C/P |
---|---|---|---|---|
BTC | SPX | Aug | 2220 | Call |
STC | SPX | Aug | 2225 | Call |
Total Debit: | 0.25 |