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SPX at 3814
I’m going to set up a new 112 Bear Trap in the 28FEB expiry with 56 days until expiration.
This is a 30pt wide put debit spread, financed by selling 2 OTM puts naked for every 1 debit spread.
Risk Profile:
Order Ticket:
I plan on managing this trade IF/WHEN SPX trades around 3600 and my stop is 50.00 debit for this trade
V at 210.78
I’m going to take this trade off and possibly look for another set up
Risk Profile:
Order Ticket:
WHR at 147.49
I’m looking for a break above the downtrend line and a possible move up to 160 level
Chart:
Risk Profile:
Order Ticket:
Risk: Debit Paid
Breakeven: 145 + Debit Paid
POP: 43%SPX at 3842
Still holding and looking for potentially trapping price in the Bear Trap
NFLX at 309.96
Looking for a push towards 330 ahead of earnings. This is a risky trade since earnings reaction can be a up or down. This is a full risk trade.
Risk Profile:
Order Ticket:
Risk: 2.20
Reward: 2.80
POP: 36%DE at 417.95
The chart is setting up bearish, looking for a move towards 410
Risk Profile:
Order Ticket:
Risk: 4.20
Reward: 5.80
POP: 50%SPX at 3896
With 1 week until expiration, the PDS is ITM by about 10 points.
This can go one of two ways:
1. SPX is inside the trap at expiration.
2. SPX is outside the trap at expiration.In both cases this should be a profitable trade (assuming we dont crash and move below short naked put at 3350).
I am going to close 3 of 5 PDS for about 12.75 credit
Risk Profile:
Order Ticket:
SPX settled at 3895
The 112 Bear Trap expired worthless, allowing us to keep the original credit we collected.
The 3840/3870 Call Debit spread we picked up on 12/20 expired ITM, bringing an additional $4,600 profit.
Here’s the recap of this trade:
ALGN at 228.21
I’m going to take this trade off here
Risk Profile:
Order Ticket:
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:
Nice. How far to expiration will you go with this ? Or do you have a percentage target ?
Average is about 10% ROR but I shoot for about 30%. At About 7DTE I start to look for exits.
UPS at 180.15
I’m looking for a move to 195 area if we see a break above the trendline
Chart:
Risk Profile:
Order Ticket:
This is an OTM call butterfly. Buying 190/200 call spread and selling 200/210 call spread.
The risk in this trade is the debit paid.
SPX at 3897
I’m going to cut my NET delta to flat by closing 3 of the 5 put debit spreads
Risk Profile:
Order Ticket:
NFLX at 324
I’m going to close 3/4 pos here and leave 1/4 going into earnings. This should remove almost all of the risk off this trade.
Risk Profile:
Order Ticket:
