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SHOP at 320.05
We’re going to roll 290 Call up to 305 strike. We’re using some of the credit that we collected yesterday to make this adjustment. This adjustment is going to reduce our NET negative delta and boost theta.
Order Ticket Type Asset Duration Strike C/P Sell To Open SHOP 15NOV 305 CALL Buy To Close SHOP 15NOV 290 CALL Total Debit: 10.30 RUT at 1552
We’re going to close out this trade with 21 days to expiration. We’re hitting our 15% target.
Order Ticket Type Asset Duration Strike C/P STC RUT 15NOV 1540 PUT BTC X2 RUT 15NOV 1490 PUT STC RUT 15NOV 1420 PUT Total Credit: 5.80
Order Ticket Type Asset Duration Strike C/P STC RUT 15NOV 1560 PUT BTC X2 RUT 15NOV 1510 PUT STC RUT 15NOV 1440 PUT Total Credit: 8.80
Order Ticket Type Asset Duration Strike C/P Buy To Close RUT 15NOV 1570 CALL Sell To Close RUT 29NOV 1570 CALL Total Credit: 7.25 SHOP at 324.89
Earnings are coming out tomorrow BEFORE THE OPEN. Options market’s currently pricing in +/- 27 points, this means we may see a range between 295-355 by the end of the week.
To avoid dealing with a move that is larger than what is being priced in currently, it’s best to reduce size or close the trade here and move on.
I’m going to roll short 305 Call up to 355 strike for a debit.
15NOV expiration has 18 days left to go.
Order Ticket Type Asset Duration Strike C/P Sell To Open SHOP 15NOV 355 CALL Buy To Close SHOP 15NOV 305 CALL Total Debit: 22.80 RUT at 1574
We’re adding Tier 3
Order Ticket Type Asset Duration Strike C/P BTO RUT 20DEC 1620 PUT STO X2 RUT 20DEC 1560 PUT BTO RUT 20DEC 1490 PUT Total Debit: 13.30 Risk Profile: 
AnonymousIgor is this a new trade?
@Ronald W
This is not a new trade, we’re adding 3rd round of Broken Wing Butterflies here. Please refer to the top of this thread to follow the plan of this trade.
COST at 297.42
I’m looking to put on a NEUTRAL position in COST with 17 days to expiration. I’m selling a STRANGLE around 1SD.
The same trade can be set up as an Iron Condor, buying options 10-15 points away from the short strikes.
My profit target is 50-80% of credit collected and I’ll make adjustments when short strike’s delta turns 35-40.
Order Ticket Type Asset Duration Strike C/P Sell To Open COST 15NOV 307.5 CALL Sell To Open COST 15NOV 285 PUT Total Credit: 1.95 SHOP AT 316
I’m going to work towards reducing risk in this trade by BUYING TO CLOSE 15NOV 285/355 STRANGLE FOR 4.30 DEBIT
Order Ticket Type Asset Duration Strike C/P Buy To Close SHOP 15NOV 355 CALL Buy To Close SHOP 15NOV 285 PUT Total Debit: 4.30 SPX AT 3040
I’m going to SELL TO OPEN 3170/3180 Call Credit spread to complete this Iron Condor
Order Ticket Type Asset Duration Strike C/P Buy To Open SPX 13DEC 3180 CALL Sell To Open SPX 13DEC 3170 CALL Total Credit: 0.80 – 0.90 RUT at 1588
We’ll start the roll sequence. We’re moving lowest of 3 butterflies up 60 points, keeping the same distance of the wings (70X50)
CLOSING 1450/1520/1570 PUT BUTTERFLY MID 4.40 CREDIT
Order Ticket Type Asset Duration Strike C/P STC RUT 20DEC 1570 PUT BTC X2 RUT 20DEC 1520 PUT STC RUT 20DEC 1450 PUT Total Credit: 4.40
OPENING 1510/1580/1630 PUT BUTTERFLY MID 7.40 DEBIT
Order Ticket Type Asset Duration Strike C/P BTO RUT 20DEC 1630 PUT STO X2 RUT 20DEC 1580 PUT BTO RUT 20DEC 1510 PUT Total Debit: 7.40 SPX at 3083
I’m going to close out 2760/2750 Put spread
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 13DEC 2760 PUT Sell To Close SPX 13DEC 2750 PUT Total Debit: 0.30 BYND at 84
I’m going to take a bullish position in BYND with 45 days to expiration.
I’m selling an OTM put spread that yields about 8.70% and has an implied Probability of Profit around 85%.
I’ll stop out of the trade at a loss of 1.25X credit collected.
Order Ticket Type Asset Duration Strike C/P Sell To Open BYND 20DEC 65 PUT Buy To Open BYND 20DEC 55 PUT Total Credit: 0.80 RUT at 1600.99
We’ll do a 2nd round of the ROLL.
We’re closing 1470/1540/1600 Put Butterfly:
Order Ticket Type Asset Duration Strike C/P STC RUT 20DEC 1600 PUT BTC X2 RUT 20DEC 1540 PUT STC RUT 20DEC 1470 PUT Total Credit: 8.70
We’re going to open 1530/1600/1660 Put Butterfly:
Order Ticket Type Asset Duration Strike C/P BTO RUT 20DEC 1660 PUT STO X2 RUT 20DEC 1600 PUT BTO RUT 20DEC 1530 PUT Total Debit: 16.00 SPX at 3078
We’re going to add another Put Credit Spread, looking for 0.90 credit for a 10 point wide spread.
Order Ticket Type Asset Duration Strike C/P Sell To Open SPX 13DEC 2920 PUT Buy To Open SPX 13DEC 2910 PUT Total Credit: 0.90
AnonymousI show a 1.70 credit. ???
