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Slay Trader | Trading Experts | SPX Trades | Stock Trading

SOXL trade using 1% screening limits from the screener

SOXL trade

Order Description SELL -20 VERTICAL SOXL 16 JUN 23 29/34 CALL @.33 LMT
Break Even Stock Prices 29.33
Max Profit $660.00
Max Loss $9,340.00 (not including possible dividend risk)
Cost of Trade including commissions credit $660.00 – $16.00 = credit $644.00
Portfolio margin ($9,356.00)

Never lost screening limit from today\’s data: 27.52

SOXL is screened as overbought at Level 1 and almost overbought at Level 2 today in the screener. Since the trade uses 1% never lost screening limit, it is a higher risk trade so we used defined loss and appropriate position sizing.

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