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MSFT at 260.30
This trade has 2 days left and we’re going to start to feel the GAMMA heartburn. This means that this trade will become very sensitive to price moves in the next 2 days.
The FED is out later today with a rate decision and it can go one of two ways. If we shoot up, this trade will make a bit more money. If we tank, this trade will be a pretty much full loss.
Taking a 30% profit in a week is a pretty good exit here.
Risk Profile:
Order Ticket:
TEAM at 149.09
The chart is setting up for a move towards 170
The 8EMA is crossing above 21EMA, MACD is bullish (below 0, trend not confirmed), TTM squeeze fired long.
This is a simple Bull Call Spread, risking 7 to make 8 with about 42% Prob of Profit.
Chart:
Risk Profile:
Order Ticket:
New Risk Profile:
SPY at 391.50
The 16DEC 393 PUT is expiring tomorrow. We’re going to roll the front month out and down for an additional credit. This will lower the cost of the long put in the 20JAN expiry by the credit we’re collecting.
Risk Profile:
Order Ticket:
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
PYPL at 70.17
I’m going to close out this trade here:
Order Ticket 1
Order Ticket 2
ENPH at 311.83
This is a closing trade:
Order Ticket
DPZ at 356.69
This is a closing trade:
MAR at 154
This trade is going to expire for 100% loss of premium
TTD at 46.93
The remaining call calendar can be left to expire worthless or closed for a small credit.
We pulled out most of the risk out of this trade when we had a chance. This trade is a small loss.
Order Ticket
CAT at 230.96
This is a closing trade. We pulled most of the risk out earlier in the trade. We needed CAT at 210 but it never moved there. This is a small loss.
Order Ticket:
VZ at 36.95
This is a closing trade. We had no risk in this trade after the last adjustment. This one is a small winner.
SPX at 3847
We moved -200 points in 3 days, that’s FAST. SPX is about -2.87SD since entry.
This 112 Bear Trap is far from being in trouble but I’m going to make a slight adjustment to reduce my DELTA for the time being.
Right now my DELTA +70
I’m going to pick up a put at -40 delta and this will cut my NET delta from +70 to about +30
Greeks:
Risk Profile:
Order Ticket:
NXPI at 161.48
I’m seeing 8EMA crossing below 21EMA and this could signal a potential move lower. My downside price objective is 145.
This is a simple put debit spread, risking the debit paid for this trade. Downside breakeven is 160 – debit paid.
Implied probability of profit (at expiration) around 41%
Risk Profile:
Order Ticket:
