What is the Trade Playbook on each Discount Options setup?
Quick answerEach setup's page has a Trade Playbook specific to it: how much to take at Secure, Double and Press, when to close by the days left, when adding is or is not sensible, and a loss limit, all depending on whether it is short-dated, swing or position.
The details
- Short-dated: take the conservative exit fast; close before the last day.
- Swing and position: take parts at each level and let the rest run, closing by a set number of days left if the moderate level has not hit.
- A loss limit: about 40 to 50% from your entry, depending on the time left and whether the stock has stabilized.
Open a setup to see its own numbers.
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