Option Trade 2/14/2020

Buy April 54 put @ 1.525
Sell April 52 put @ 1.10
Sell April 51 put @ 0.975

Total Credit $220.00 less $12.15 commissions for a profit target of $207.85
Suggested account size: $2,000.00
Targeted Returns: 10.4%
Trade duration: 73 Days
Age of Trade: 29 days

Results to Date: +$147.85 = 7.39% gain on allocated margin.

Comments: Yesterday the April futures gained +0.75 however this trade remained unchanged with a gain to date of $147.85 for a 7.39% gain on the allocated margin in 29-days. The margin requirement has now dropped below $1,500.00.

We ARE in the “Chase” looking for the seasonality high for 2020. The kill rate continues to be stronger than projected from the last H&P Report. The seasonal decline in the kill rate should be just around the corner.

The JJJs are trading a little higher today. If they end the day “UP” it should help this trade.

Best wishes,

Doc