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17 FEB RUT BWB

Homepage Forums Income Navigator Gabe’s Trades 17 FEB RUT BWB

This topic contains 8 replies, has 2 voices, and was last updated by  Gabriel S 3 years, 2 months ago.

Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • #19118

    Gabriel S
    Keymaster

    Opening a new 60×55 BWB on RUT with 17 FEB expiration. I’ll be doing gradual adjustments to stay delta neutral.

    Planned Capital: 2.5K-3K Max
    target 30%-30% loss

    • This topic was modified 3 years, 3 months ago by  Gabriel S.
    • This topic was modified 3 years, 3 months ago by  Gabriel S.
    #19155

    Gabriel S
    Keymaster

    RUT moved out of the tent. I am rolling down the flies.

    Orders:
    Closing order for original flies:

    Opening new ones at lower strikes:

    New Risk Profile:

    • This reply was modified 3 years, 3 months ago by  Gabriel S.
    • This reply was modified 3 years, 3 months ago by  Gabriel S.
    #19160

    Gabriel S
    Keymaster

    RUT is up 2.43% on the day. I’m adjusting this trade for a credit to bring deltas back to close to neutral.

    Order:

    #19177

    Gabriel S
    Keymaster

    I am adjusting this butterfly to increase my deltas.

    Current risk profile:

    Orders (note that each fly has different strikes to manage deltas):

    New risk profile:

    #19178

    Chris T
    Participant

    Nice. How far to expiration will you go with this ? Or do you have a percentage target ?

    #19179

    Gabriel S
    Keymaster

    Average is about 10% ROR but I shoot for about 30%. At About 7DTE I start to look for exits.

    #19185

    Gabriel S
    Keymaster

    I’m making an adjustment to the RUT BWB to increase deltas.


    #19206

    Gabriel S
    Keymaster

    Added a CCS to bring in more credit:

    #19211

    Gabriel S
    Keymaster

    RUT is up another 1.5%. I’m closing the lower fly and opening another one for a .47cr

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