Options Idea: Sell The September 18, 2020 Put @ $1.3

21 Agu 2020

ALRM seems to have stopped its downward trend. It has recovered the EMA 8 and is heading back to EMA 20 territory. I sold a Sep 18 2020 55.0 Put @ 1.3 with the idea that the uptrend will continue over the next few days or weeks.

20-ALRM-01

• Opening Date: August 20, 2020
  
• Expiration Date: September 18, 2020
  
• DTE: 29
  
• IV: 44%
  
• IV Percentile: 37%
  
• Odds of Winning: 68%
  
• Win: > 53.70 @ Expiration
  
• Loss: < 53.70 @ Expiration
  

Chart Legend

• The green area represents 100% win zone.
  
• The yellow area is a win, but we have to give back some of the initial credit taken in.
  
• The red area is loss.
  
• 1 SD, 2 SD, 3 SD projections from Opening Date to Expiration Date are included.