Recent: IMG_0911.PNG

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THis is very similar to Tim's actual trade. The problem is that the green line is the current price-- so small movements will result in a loss. A rise in IWM will result in a bad loss unless stopped out at say at 1% loss 

Increased volatility also helps this trade

Comments

The DirectorThe Director
Trade is long 10 puts at 139 strike with expiration 11/17/17 9/9/17
SinglemaltSinglemalt
Probability of expiring OTM is 49.73% and the delta is -.48 as of Friday's close. 9/9/17
The DirectorThe Director
Sounds about right. Keep in mind even if in the money the option loses money unless profit exceeds cost of option and commissions. This works best for a sudden sharp move down in next few days 9/9/17