Virgin Galactic Ltd. (SPCE)

I have entered a put on SPCE, using options that trade for the last time 108 days hence, on January 21, 2022. The premium is a $3.25 debit per contract share and the stock at the time of entry was priced at $22.30..

The Implied Volatility Ratio stands at 11.1%, and time decay is running at 0.0154.

Premium:	$3.35	Expire ITM%
SPCE-long option	Strike	Odds	Delta
Put
Long	22.00	57%	41

Maximum risk is $335 per contract and maximum reward is uncapped.

How I chose the trade. I entered the trade based on a down signal from the Fisher Transform indicator, confirmed by the price falling below resistance.

By Tim Bovee, Portland, Oregon, October 5, 2021

Disclaimer

Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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Based on a work at www.timbovee.com.