snap of my thinkorswim platform.
Hello all you wonderful people here on hive! 馃檪馃憤 Today I thought I would try a trade during Power Hour. (the last hour of the market trading day)
The bulls are running strong now, so I will go ahead and Sell a PCS. (put credit spread) I will choose to sell the delta 16 strike as that gives the best profit to risk ratio.
Now I made a working order to close my trade if it reaches my stop loss. (the most I am willing to lose if things go south)
I use a 3x stop loss.
and it's over..
just look at this big bear move..