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The Seven DTE Strategy - How to Get Closer to 45 DTE
The key is that you don't go over five delta on this one. The exit mechanics for this is simply to do a bracket order. There's a profit take and there is a stop loss. So the profit take is I was doing 60% max profit so if you sold it for dollar you taking it up at 50 cents I am now doing 60%max profit. If you sold at a dollar you'll take it up at 40 cents and he'll get into that in a little bit.