Replies to post #18803 on Cycle Trading

[jaws57]

Ive been trying to find "sweet spot' Im thinking sweet spot if different for each trader. By sweet spot Im meaning finding the right r/r ratio/pt spread/expire.
Im basically new to trading spreads so your post good to read. yes different "class" is what Im looking at. I dont like 1:2 ratios so class 3 i dont like but Im new to this...if it works 90% of the time then I reconsider. So far the spread bracketing the current price is working.
Example SPY 274.71 at close so would be 274/276 spread. This would be your class 2. using last posted info from Friday, spread would cost $117 9Mar expire.
so max profit $83 per contract.
idea to go for 70% +/- if not 50% of max profit. going for 50% would net 35% minus comm.