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RUT at 1629
I’m going to close out the 1610/1680/1710 Put Butterfly next.
Order Ticket Type Asset Duration Strike C/P STC RUT 20MAR 1710 PUT BTC X2 RUT 20MAR 1680 PUT STC RUT 20MAR 1610 PUT Total Debit: 11.10 SPX at 3233
I’m going to close 3500/3510 Call spread. The 3120/3110 Put spread is 110 points away with 32 days until expiration. If the market continues lower, we’ll have to make adjustments to this trade.
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 27MAR 3510 CALL Buy To Close SPX 27MAR 3500 CALL Total Debit: 0.15 SPX at 3238
I’m going to buy back 3550/3575 Call spread.
The 3125/3100 Put spread is 110 points away with 53 days until expiration. If the markets continue lower, we’ll make adjustments to this trade.
Order Ticket Type Asset Duration Strike C/P Sell To Close SPX 17APR 3575 CALL Buy To Close SPX 17APR 3550 CALL Total Debit: 0.45 RUT at 1624
I’m going to stop out of current trade around -9.5% ROR. The market is setting up for more wild price action and I will wait for the market to settle in to set up a new trade.
Order Ticket Type Asset Duration Strike C/P STC RUT 17APR 1720 PUT BTC X2 RUT 17APR 1670 PUT STC RUT 17APR 1600 PUT Total Credit: 3.10 RUT at 1620
I’m going to enter Tier 1 twenty points below the current market, using a 70 point wing on the downside and a 60 point wing on the upside. My upside trigger levels to add Tier 2 and Tier 3 are 1640 and 1660 respectively. Tier 2 will be centered 20 points above Tier 1 and Tier 3 will be centered 20 points above Tier 2.
Planned Capital: 10,000
Profit Target: 10-15%
Stop Loss: -15%
Order Ticket Type Asset Duration Strike C/P BTO RUT 30APR 1660 PUT STO X2 RUT 30APR 1600 PUT BTO RUT 30APR 1530 PUT Total Debit: 7.00 RUT at 1600
I’m going to continue to scale out of this trade.
Closing 1590/1660/1720 Put butterfly
Order Ticket Type Asset Duration Strike C/P STC RUT 20MAR 1720 PUT BTC X2 RUT 20MAR 1660 PUT STC RUT 20MAR 1590 PUT Total Credit: 14.00 SPX at 3198
I’m going to put on an Iron Condor in 17APR expiration cycle with 52 days until expiration.
I’m placing my short put spread about 10% OTM and my short call spread around previous All Time High
Credit: 6.40
BPR: 18.60
ROR: 34.40%
Profit Target: 25%-30% of credit (1.60)
Stop Loss: 8.50 debitOrder Ticket Type Asset Duration Strike C/P Buy To Open SPX 17APR 3425 Call Sell To Open SPX 17APR 3400 Call Sell To Open SPX 17APR 2900 Put Buy To Open SPX 17APR 2875 Put Total Credit: 6.30 – 6.50 SPX at 3137
Another -2.75% day in the S&P500 and we’re hitting a stop here.
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 17APR 3125 PUT Buy To Close SPX 17APR 3100 PUT Total Debit: 8.60 SPX at 3129
We’re hitting a stop here
Order Ticket Type Asset Duration Strike C/P Buy To Close SPX 27MAR 3120 PUT Buy To Close SPX 27MAR 3110 PUT Total Debit: 3.65 RUT at 1580
I’m going to close the remaining part of this trade for a total loss of about -16% ROR
Order Ticket Type Asset Duration Strike C/P STC RUT 20MAR 1700 PUT BTC X2 RUT 20MAR 1640 PUT STC RUT 20MAR 1570 PUT Total Credit: 13.2 RUT at 1510
RUT traded way below our break-even point on the downside. I’m stopping this trade out and will wait for the market to settle in a bit before setting up a new trade.
Order Ticket Type Asset Duration Strike C/P STC RUT 30APR 1660 PUT BTC X2 RUT 30APR 1600 PUT STC RUT 30APR 1530 PUT Total Credit: 5.60 Oil future contract is trading at 46.61
The VIX for oil is at a level we havent seen since mid 2019. IMO, IV is pretty high and selling an OTM strangle makes sense.
I’m selling a strangle around 10-12 delta options with 49DTE. My first target is 50% of the premium collected and I’ll adjust if the price of CL starts to move towards either of short strikes.
Order Ticket Type Asset Duration Strike C/P Buy To Close /CL 16APR 55 CALL Buy To Close /CL 16APR 36 PUT Total Credit: 0.72 AAPL at 282
I’m selling a 14 delta put with 50 days until expiration. This trade has an implied probability of profit of around 82%.
Here’s a chart of the VIX for AAPL:
If volatility subsides and the shares of AAPL rebound, this trade should be at 50% of max profit within the next 2-3 weeks.
I will adjust this trade if AAPL starts to trade under 260 level.
Order Ticket Type Asset Duration Strike C/P Sell To Open AAPL 17APR 240 PUT Total Credit: 3.60 MSFT at 165
I’m selling a 10 delta put in MSFT with 50 days until expiration. This trade has an implied probability of profit of 87%
I’m looking to collect 50-80% of credit and make necessary adjustments if MSFT breaks under 150
Order Ticket Type Asset Duration Strike C/P Sell To Open MSFT 17APR 135 PUT Total Credit: 1.53 $JPM – SELLING AN OTM PUT AROUND 18 DELTA WITH 25DTE.
PROFIT TARGET BETWEEN 50-80% OF CREDIT AND I’LL ADJUST WHEN/IF $JPM TRADES BELOW 110
Order Ticket Type Asset Duration Strike C/P Sell To Open JPM 27MAR 105 PUT Total Credit: 1.84
