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Starting a new 14DTE trade in my small account.
Risk Profile
This is 60×50 meaning that there’s 60pts from the lower wing to the center and 50 pts to the upper wing.
Trying to stay neutral with a tiny bit of positive delta. My target for this trade is 5-10% profit.Order ticket
SPX is up 140 points since we put this trade on. At this point we’re starting to get too much negative deltas and theta will start coming down.
Risk profile:
I’m making the following adjustment. Trying to keep the BP at about the same while reducing risk to the upside.
Order ticket:
New Risk Profile
Time to get the 👜
3 days left to expiration and we reached our profit target. Closing this for a 7% profit.
Order ticket:
under what market conditions would you put this trade on?
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