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No exit for the 2640 Call calendar yet.
We’re going to add another Call calendar at 2670, same size as 2640
Order Ticket Type Asset Duration Strike C/P Sell To Open SPX 31JAN 19 2670 Call Buy To Open SPX 08FEB 19 2670 Call Total Debit: 13.80 NOTE: We’re going to exit both before end of the day tomorrow.
Sell To Close 2640 Calendar
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 31JAN 19 2640 Call Sell To Close SPX 08FEB 19 2640 Call Total Credit: 11.30 Sell To Close 2670 Calendar
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 31JAN 19 2670 Call Sell To Close SPX 08FEB 19 2670 Call Total Credit: 12.80 We’re going to make the next adjustment.
RUT at 1500 and we’re rolling the original 1370/1420/1470 put butterfly up 60 points, to 1430/1480/1530.
Sell To Close 1370/1420/1470 Put Butterfly:
Order Ticket Type Asset Duration Strike C/P STC RUT 15MAR 19 1470 PUT BTC X2 RUT 15MAR 19 1420 PUT STC RUT 15MAR 19 1370 PUT Total Credit: 5.30 Buy To Open 1430/1480/1530 Put Butteffly:
Order Ticket Type Asset Duration Strike C/P BTO RUT 15MAR 19 1530 PUT STO X2 RUT 15MAR 19 1480 PUT BTO RUT 15MAR 19 1430 PUT Total Debit: 10.40 Risk Profile:
We’re going to add another round of Put butterfly, centered around 1500.
If RUT continues to trade higher, above 1520, we’re going to roll the lowest butterfly up 60 points.
Order Ticket Type Asset Duration Strike C/P BTO RUT 15MAR 19 1550 PUT STO X2 RUT 15MAR 19 1500 PUT BTO RUT 15MAR 19 1450 PUT Total Debit: 12.00 Risk Profile:
SPX at 2731
VIX at 15.44I’m looking to sell an Iron Condor in 29MAR expiration cycle with 51 days to expiration.
I am looking to sell a Bear Call spread that pays close to .90c credit and a Bull Put spread that pays around .90c as well, for a total credit of 1.80 or higher.
I want to keep my credit fairly balanced between both spreads.
For example, I don’t want to see 1.20 credit for one side and .50c for the other.
I want to keep credits as close to .80-.90 per side.I’m selling:
2560/2550 Bull Put spread
2890/2900 Bear Call spreadOrder Ticket Type Asset Duration Strike C/P Buy To Open SPX 29MAR 19 2900 Call Sell To Open SPX 29MAR 19 2890 Call Sell To Open SPX 29MAR 19 2560 Put Buy To Open SPX 29MAR 19 2550 Put Total Credit: 1.75 Risk Management: I will use OTM options to hedge this Iron Condor when 2890 Call’s delta reaches 20 and 2560 Put’s delta reaches 25.
Price levels for adjustments: 2780 and 2650
Profit Target: 50-80% credit
MAL: -25% RORRisk Profile: 
We’re going to roll up 85 put up to 93 strike and collect additional credit. This will push our breakeven on the upside further out.
Order Ticket Type Asset Duration Strike C/P Sell To Open SMH 15MAR 19 93 Put Buy To Close SMH 15MAR 19 85 Put Total Credit: 0.55 Risk Profile:
We’re going to put an order to close out this trade at around 50% of max profit.
Order Ticket Type Asset Duration Strike C/P Buy To Close XRT 15MAR 19 47 Call Buy To Close XRT 15MAR 19 40 Put Total Debit: 0.30 We’re going to put on a short strangle in TSLA with 18 days until expiration. This is a short term trade, looking to collect 50% of credit in the next 2 weeks. We’re keeping size extremely small due to the high risk of these short term trades.
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 1MAR 19 355 Call Sell To Open TSLA 1MAR 19 275 Put Total Credit: 4.00 We’re going to shift strikes to 275/350
Order Ticket Type Asset Duration Strike C/P Sell To Open TSLA 1MAR 19 350 Call Sell To Open TSLA 1MAR 19 275 Put Total Credit: 4.40 We’re going to BUY TO CLOSE 2890/2900 Bear Call spread, leaving 2560/2550 puts open.
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 29MAR 19 2900 Call Buy To Close SPX 29MAR 19 2890 Call Total Debit: 0.40 We’re going to roll up 1410/1460/1510 butterfly up 60 points.
Sell To Close 1410/1460/1510 Put butterfly
Order Ticket Type Asset Duration Strike C/P STC RUT 15MAR 19 1510 PUT BTC X2 RUT 15MAR 19 1460 PUT STC RUT 15MAR 19 1410 PUT Total Credit: 5.50 Buy To Open 1470/1520/1570 Put butterfly
Order Ticket Type Asset Duration Strike C/P BTO RUT 15MAR 19 1570 PUT STO X2 RUT 15MAR 19 1520 PUT BTO RUT 15MAR 19 1470 PUT Total Debit: 13.10 Risk Profile:
Note: We’re going to make further adjustments above 1540.
MSFT @107 We’re looking to sell an OTM put with 80% probability of profit (-20 delta)
Order Ticket Type Asset Duration Strike C/P Sell To Open MSFT 29MAR 19 100 Put Total Credit: 1.00 Risk Profile:
NOTE: We’re going to make adjustments IF/WHEN price of this put goes to 3.00
We’re going to close this trade at 25% of max profit in 1 day. We’ll look for the next set up.
Order Ticket Type Asset Duration Strike C/P Buy To Close TSLA 1MAR 19 350 CALL Buy To Close TSLA 1MAR 19 275 PUT Total DEBIT: 3.30 The price of this strangle has been holding between 0.32 – 0.35
We’re going to close out this trade at 45% of max profit
Order Ticket Type Asset Duration Strike C/P Buy To Close XRT 15MAR 19 47 CALL Buy To Close XRT 15MAR 19 40 PUT Total Debit: 0.35
