$500 Challenge Trade Update
BOT +1 VERTICAL LLY 100 (Weeklys) 12 APR 24 782.5/785 CALL @.26 LMT Net Debit [TO OPEN] This trade has filled. This is a $500 CHALLENGE Trade. LLY has dropped down quite a bit today but the BBs are still holding up well and we are at support of our consolidated range with the Bull DB still valid into tomorrow. I added 1 more contract which increases the risk slightly but reduces the net average. If CPI pops back up tomorrow I will look to close this out ideally for a win. if it drops then I will lose on this trade idea. If you do not want to add more capital you do not have to. Do what you think is best for your account. Keep in mind your capital risk and only risk 100% what you are willing to lose.
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Director of Risk Tolerance @simplertrading. I teach traders about Risk trading options, stocks focusing on small account
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