Post by Admin on Jan 6, 2015 0:28:06 GMT
Process
1) calculated IV ranges for 15 and 30 day
2) Determined support and resistance lines
3) calculated daily expected range
4) waited for pull back to known support/trend line
5) Sold Put spread at strike that is near support line 1.5 to 2 below support where price is.
Ticker: TZA
Strikes: 11/11.50
ROC: 5%
Status: Closed
W/L: Win.
Trade was successful
1) calculated IV ranges for 15 and 30 day
2) Determined support and resistance lines
3) calculated daily expected range
4) waited for pull back to known support/trend line
5) Sold Put spread at strike that is near support line 1.5 to 2 below support where price is.
Ticker: TZA
Strikes: 11/11.50
ROC: 5%
Status: Closed
W/L: Win.
Trade was successful