After the earnings profit, I'l go with a new RiskReversal trade.
I sell calls to finance the puts.
Because I expect price down at the Centerline, I choose my +Puts in between.
See the performance graph below how this trade will profit.
A nice add-on is the additional time decay of the calls if
a) price moves slowly up (...so against my sold calls)
b) price moves away from the calls
c) price moves sideways
If price can't reach the Centerline in about 75% of the expected time, then I'l close the position on a smaller profit. So, we have the chance to win a good profit if price moves down fast, or to close the position on a smaller profit.
The only negative point is, when price moves up very quick.
Then I would sell the position according to the price-action & Fork rules.
The performance graph shows you how the PNL approx. will be according to the price change.
Trade Closed In Good Profit
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