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PUTS FOR PROFIT - Coggle Diagram
PUTS FOR PROFIT
TRADE RULES
Take 1/2 Profit @ 50%
Set Take Profit for remainder at 20%
Set Stop Loss at 20% (max loss per 10 contracts sold 20%)
Tighten stop as trade improves
Look to re-enter if new relative high
TECHNICAL SETUP
Bullish Technicals on Daily Timeframe
Multiple Areas Of Support
Oversold but improving
Selling Puts
Timeframe
14 days or less
$5-6 away from current price
Less Premium, Less Risk
TimeFrame
30-45 Days Out
$8-10 away from current price
More Premium, Higher chance for market moves, Riskier
FUNDEMENTALS
No earnings before expire