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When to Close a Winning Trade and Reset a Cleaner One
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ticker lesson
Breakdown
0:00RTY· ticker
Russell 2000 — closing super bear, resetting bearish
- Closing super bear, resetting bearish positioning
- Original trade built using RTYZ6
- Long put spread 2925 2900 cost $5.60
- Financing via call spread 3050 call 3075 call
- Net credit $4.20
1:51lesson
Defined bearish trade structure
- Trade structure: long downside via put spread, short upside via call spread
- Call spread finances put spread, net credit $4.20
- Each point = $50, $4.20 = $210
- Max profit if put spread full in the money = 2920 points
- Max risk if call spread fully challenged = $1040
3:32Russell· ticker
Russell double top, long put spread 2700 2725
- Double top pattern in Russell futures
- Long put spread 2700 2725, $50 per point
- Total spread $1250, net debit $190.50
- Max profit $1,057.50, break even 2721.15
- Volatility 20.4 IVR, 23% raw volatility
5:17lesson
Bearish strategy with defined risk
- Long put spread as cleaner bearish expression
- Defined risk, respecting double top
- Volatility expansion increases put spread value
- Potential exit if volatility rises to 6-10
- Adjusting strategy based on market movement
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