Strike below 0.618 FIB, and oversold divergence.
Max profit: $135
Probability of Profit: 68%
Profit Target relative to my Buying Power: 29%
Max loss with my risk management: ~$130
Req. Buy Power: $465 (max loss without management at expiry, no way to let this happen!)
Tasty IVR: 66
Expiry: 50 days
Sell 3 CLOV Jun18' 8 Put
Buy 3 CLOV Jun18' 6 Put
Credit Put spread for 0.45cr each, because IVR is relative high.
Stop/my risk management: Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 130$. Probability of loss in this way: ~20% .
Take profit strategy: 50% of max.profit in this case with auto sell order at 0.23db. Probability of profit this way: ~80%.
Of course I'll not wait until expiry in any case!
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