Open MNX IC
Open IC on MNX
Support at 185 (195)
Resistance at 175 (165)
Trend Neutral to bearish.
BTO 165 , STO 167.5
BTO 187.5 STO 185
Credit 1.35
Break Even: 166.15 and 188.35
Max gain 1.35
Max Loss 1.15
80% probability of success.
I will add a broken butterfly to the top around 185 on weakness
I will add a broken butterfly to the bottom around 175 on strength.
Close at 80% profit
Close 7-14 days before expiration if profitable.
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About Tryumph Trader
I was born in the Catskill mountains of NY. The product of an Organic Produce Farmer and a Musician, you can bet that I had a very colorful and interesting upbringing. I became a student of Investools in April 2004. The spark of active Investing was ignited and I have been fanning the fire ever since. I was one of several students/group leaders who were instrumental in promoting the value of students getting together as a group for support. I am now the User Group Administrator for Investools [SWIM]. My husband is a CCIE (cisco geek). We have 4 amazing boys, 8yrs, 6.5 yrs, 4.5 yrs and 1.5yrs old. The older two are already learning how to trade ETFs. We currently live in Northern VA.
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