SPCE Trade

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:$3.35Expire ITM%
SPCE-long optionStrikeOddsDelta
Put
Long22.0057%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.

License
Creative Commons License

All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Based on a work at www.timbovee.com.

One thought on “SPCE Trade

Leave a Reply to SP500 Analysis – Tim Bovee, Private Trader Cancel reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s