This topic contains 6 replies, has 1 voice, and was last updated by 
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I’m opening an Iron Fly 100 point wide on SPX:
I will set aside 4K to manage this position in case I need to make adjustments.-
This topic was modified 3 years, 7 months ago by
SPX is up almost 3% today. I’m rolling the short put up expecting a continuation of this short squeeze.
Order:
New Risk Profile:
SPX took back more than half of the big move up yesterday so my expectations for continuation are not looking as good.
I’m bringing the lower wing up to reduce deltas again. In this market you have to be ok with being wrong and change your view based on what the market is telling you.
New risk profile:
Big up move today put some pressure on this position which is accumulating more negative delta. I’m rolling the short puts up to flatten out deltas a bit.
Order:
New risk profile:
I’m rolling the short puts up to adjust deltas:
Order:
New risk profile:
Current profile:
SPX moved above the previous swing high and I’m expecting 3800 to become the next support.
I am moving the whole structure up to stay delta neutral and to have a bit more theta.
Orders:
New Risk Profile:
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This topic was modified 3 years, 7 months ago by
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