This topic contains 12 replies, has 1 voice, and was last updated by 
-
Posts
-
New trade on RUT. This is a 60×55 Put broken Wing Butterfly. Minimum 2 contracts per tranche to allow for adjustments. My goal is to stay delta neutral by doing incremental adjustments. I will stop this trade if I hit a $600 loss.
BTO 16 DEC RUT 1750/1810/1865 PUT BWB 4.40db
Planned Capital: $5K (Most likely I won’t use it all)
Shifting the whole fly down to neutralize deltas for .55db total
New risk profile:
-
This reply was modified 3 years, 5 months ago by
RUT up 5.5%
I’m bringing the upper wings closer to manage deltas and and the lower wings closer to keep BP under control:
New risk profile:
I’m adjusting this trade to neutralize deltas again and bring additional credit:
Orders:
SOLD -1 CONDOR RUT 100 16 DEC 22 [AM] 1790/1785/1705/1700 PUT @.59
SOLD -1 CONDOR RUT 100 16 DEC 22 [AM] 1790/1780/1710/1700 PUT @1.15
-
This reply was modified 3 years, 5 months ago by
I’m rolling the wings in and bring an additional credit of .70cr Reducing risk to the upside and bringing deltas a bit more positive.
SOLD -1 CONDOR RUT 100 16 DEC 22 [AM] 1785/1780/1710/1705 PUT @.70I’m rolling both contracts on the wings in 1 strike for .50cr Reducing upside risk and increasing deltas a bit
I’m bringing in 1 tranche of the wings in to increase delta and reduce risk on the upside bringing an additional .48cr
SOLD -1 CONDOR RUT 100 16 DEC 22 [AM] 1775/1770/1720/1715 PUT @.48
SOLD -1 VERTICAL RUT 100 16 DEC 22 [AM] 1775/1770 PUT @.45 CBOE
Bringing more credit in and increasing deltas a bit.
Current risk profile:
I’m reducing deltas a bit to stay more neutral.
Order:
New risk profile:
Trade adjustment:
I’m adjusting this trade through these 2 separate orders:
SOLD -1 1/1/-2 CUSTOM RUT 100 16 DEC 22 [AM]/16 DEC 22 [AM]/16 DEC 22 [AM] 1775/1770/1765 PUT/PUT/PUT @2.10
BOT +1 VERTICAL RUT 100 16 DEC 22 [AM] 1725/1715 PUT @.28-
This reply was modified 3 years, 4 months ago by
New Risk Profile:
This trade is expiring tomorrow morning. I’m closing here and taking about an 11% ROC
SOLD -1 BUTTERFLY RUT 100 16 DEC 22 [AM] 1760/1750/1725 PUT @.50 Cr
SOLD -1 BUTTERFLY RUT 100 16 DEC 22 [AM] 1760/1750/1730 PUT @.50 Cr
-
This reply was modified 3 years, 5 months ago by
You must be logged in to reply to this topic.