NKLA, Sell Put At next demand Zone (15)

Sep 24, 2020

Next demand zone is 15.
Stock trade may send a limit order at 15, and wait.

Entry: 15
Stop: 11;
Target: 34; reward:risk=6:1

Right now, this IV is very high.
SelltoOpen Nov P15, limit 3.8;
Delta of Nov P15 is -22%, which shows the probability is 22% the price will closed below $15 at the expiration date.

Even If price goes down 40%, from current price 20 to 12, this still could be a winning trade.

I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.

Sep 24, 2020

Trade active

Option trade: SelltoOpen Nov P15, limit 3.8;
Stop: 11

Sep 29, 2020

Trade active

Roll Over Reason:
IV was going down (from 2.4 to 1.9), Price was also going down(from 20 to 18).
So, Nov P15 keeps the same price.
Roll Over action:
Close P15, Limit 3.8;
SellToOpen P12.5 Limit 2.6; Delta -0.19; Theta -0.04;
New Stop is 10.

Oct 8, 2020

Trade closed manually

BuytoClose limit 085.
buy 0.85, sell 2.6, made 1.75 (200%) in 20 days.
This is a good winner