Profit Probability: 50%
Dollar Risk: ~ $137.50
Profit Target: ~ $500
Risk/Reward Ratio: 2.6
Series
Weekly – ESZ7 Oct (week3)
Expiration: 29 days
P/C: Put
Trade
+1 2480 -3 2400 +2 2310
Debit: 2.75 ($137.50)
Exits
If Dec S&P 500 touches 2460, exit the trade. Profit expectation is $300 to $700 depending on date target price is reached.
If on 10-20 or any later date the position is unprofitable, exit the trade.
P/L
Trade Result
Loss ($135)
