Monday, August 6, 2012

9:50AM High Probability Trade Execution Part 1



Entry Plan

We entered 1/2 of the Sept Monthly 130 puts we had planned for, now we are waiting for the last half of the 130s, SPXU if under 42.00 and Sept Monthly 140 puts if under 2.5


Entry

SPY September Monthly 130 Puts @ 0.74


Exit Plan

Sept 130s target for a double, limit exit @ 1.5. Will adjust to market dynamics if needed like last time.



-Red Apple