Lordstown Motors Event Play with high IVR selling for credit

Mar 17, 2021

Selling naked put option at event

• Max profit: 90$
  
• Probability of Profit: 77%
  
• Profit Target relative to my Buying Power: 21%
  
• Buy Power: $410
  
• Max loss with my risk management: ~ $300
  
• Tasty IVR: 56
  
• Expiry: 30days
  

Sell 2 RIDE April16' 10 PUT

Selling put option for 0.45cr each



Stop/my risk management: Closing immediately if daily candle is closing below $10, Safety zone at 13$ support.


Take profit strategy: I'm taking at the 60% of max.profit in this case with auto sell order. (at 0.18 debit)


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Apr 6, 2021

Trade closed: target reached

Target reached, great profit grabbed.