New Trade : NDX

Stock / Symbol: Nasdaq 100 / NDX

Option Strategy: [Content protected for Monthly members only]

Price at trade post: $2795

Reasoning: With 34 days till April expiration, I’m putting on a [Content protected for Monthly members only] The trade greeks are: -3 delta(neutral), 11.2 theta, and -76 vega. The probability of success on this trade is 83%. If NDX trades down quickly to 2750, we’ll look to exit the trade for a quick gain. Setting upside stop at 2850 and downside stop at 2700 to either adjust or exit the trade.

Trade Details:[Content protected for Monthly members only]

Max Risk: $2140
Max Reward: $360 or 16.8%[Content protected for Monthly members only] by Apr 19[Content protected for Monthly members only]

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