I sold the Mastercard (MA) August 220/210 put vertical for 3.23. I noticed that there was support at the 200ma (226.59). As long as the position position stays above 220, which gives me about 6points of cushion. The stock has a long range of movement Friday, but closed near the high of the day.
Risk Management:
1. Get out if close below 226.59 (Based on the Vol. MA should not fall below 226 for at least 2 days within 1 sigma probability).
2. Profit: exit at 1.5 (+1.73 or +17%)
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