Dow correction trade idea .Set and forget trade.

[Guest oilfxpro]

If trader believes this is the start of a correction, trader believes price will close below 25,000 , buy February 25600 put for  382  and sell the February 25000 put for 145  , for a trade cost of 237 ticks , 237 is amount at risk with a potential profit of 363  with a close below 25000  losses start above 25 363 on expiry date, which is 15 February. The potential reward is  363 with a close below 25000.

 

http://www.independent.co.uk/news/business/news/dow-jones-us-stocks-fall-loss-week-two-years-nasdaq-trump-alphabet-exxon-666-points-latest-a8192566.html

 

If this is a dip, trader will lose money if price retraces above 25363.

 

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[Guest oilfxpro]

The weekly trend lines are not broken, no down trend on weeklies..Maybe it is buy the Dip opportunity.Next weekly support 24610

 

[Guest oilfxpro]

If trade believes buy the Dip is better trade trader will buy call options weekly or daily.

 

[Guest oilfxpro]

Deadly DOW 

[Guest oilfxpro]

good trade if short

[Guest oilfxpro]

By end of week on Friday, we will see if this trade made the profits of 363

 

On the daily long trades I lost about 100 ticks 

 

made a killing yesterday on shorts and option trades.