(most recent green arrow was the purchase signal).
BOT +1 STI 100 21 OCT 16 39 CALL @4.20 BOX on 06/21
SOLD -1 STI 100 21 OCT 16 39 CALL @4.95 CBOE today
I actually should have exited a few days ago on a touch of the outer volatility band. That cost me a few bucks. Today, I followed the mandatory "exit after 30 days in the trade" rule we established as the result of our successful backtest (70% win rate). While the sample size is small, we are 5 for 5 so far.
This trade encountered some significant price volatility, which made me feel good about using a risk-defined approach through options. Previous blog articles get into the rules and management of trades in this strategy.
BOT +1 STI 100 21 OCT 16 39 CALL @4.20 BOX on 06/21
SOLD -1 STI 100 21 OCT 16 39 CALL @4.95 CBOE today
I actually should have exited a few days ago on a touch of the outer volatility band. That cost me a few bucks. Today, I followed the mandatory "exit after 30 days in the trade" rule we established as the result of our successful backtest (70% win rate). While the sample size is small, we are 5 for 5 so far.
This trade encountered some significant price volatility, which made me feel good about using a risk-defined approach through options. Previous blog articles get into the rules and management of trades in this strategy.
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