Forum Replies Created
-
Posts
-
I’m starting a new RUT butterfly. I will layer up to 3 butterflies to scale into a full position as RUT moves up.
Planned capital: 1.5K-2.5K
Profit target 33%
Max Risk 33% of planned capitalOrder Ticket
Risk Profile
Have you bought this or plan tomorrow on 7/11?
I have entered this position
SNOW at 157.61
This trade is showing a gain of 35% or so and this is a good time to trim or take profits.
Rolling the long 130 call up to 145 strike for a credit of 10.70 will remove all risk out of the trade and leave a potential max profit at $500 per spread.
I’m going to close this trade for now and look for another set up.
Risk Profile:
Order Ticket:
SPX at 3863
This trade has 4 days until expiration and I’m going to take this one off for a profit.
Ideal scenario for this trade is SPX moves towards 4000 by the end of the week, but I wont bank on it.
Risk Profile:
Order Ticket:
MSFT at 254.29
I’m going to BTC the 245/270 strangle and STO 29JUL 235/270 strangle for a net credit of 4.65
Risk Profile:
Order Ticket:
AAPL at 148.77
I’m going to let the shares get called away and start a new WHEEL trade.
Cost of shares 139.39
If called away at 142 = $2.61 profit per share.
The takeaway here is that this trade started when AAPL was trading at 148.xx
Now it is trading around the same price level but by taking advantage of premium decay I was able to reduce cost basis and come out slightly ahead.
This is all assuming AAPL closes above 142 by the end of the day tomorrow and stock is called away.
Starting a new 14DTE trade in my small account.
Risk Profile
This is 60×50 meaning that there’s 60pts from the lower wing to the center and 50 pts to the upper wing.
Trying to stay neutral with a tiny bit of positive delta. My target for this trade is 5-10% profit.Order ticket
AMZN at 117.07
The chart of AMZN is setting up for a move higher. Earnings coming up in 2 weeks and this is a big risk. Size trade to assume full risk here.
I’m going with a 15pt wide call spread for about 1/3 of the width. IMplied POP 33%
Chart:
Risk Profile:
Order Ticket:
HOG at 33.68
The chart is setting up for a move higher. I’m looking for a move towards 36-37
I’m going to pick up a call slightly IMT and I’m assuming full risk for this trade.
Chart:
Risk Profile:
Order Ticket:
AAPL at 147.72
I’m going to set up a trade in AAPL with 11 days until expiry. Here’s the trade breakdown:
Risk Profile:
Order Ticket:
RUT above 1790 triggered the first adjustment.
I’m adding a 2nd butterfly centered at 1770
New Profile:
HOG at 34.40
I’m going to sell an option against the long 31 Call to reduce the cost of the trade. This will cap the upside potential and that is the price to pay for less risk in the trade.
The option I’m selling is 5AUG 35 Call which has less time until expiration and is higher strike price than the long option we’re holding. This will make it a Call Diagonal spread.
Risk Profile:
Order Ticket:
SE at 75.36
The chart is setting up for a push higher. I’m looking for a move to 85-88.
This is a long call with 59DTE.
Risk profile:
Order Ticket:
AMZN at 119.66
I’m going to make a slight adjustment to reduce risk in this trade.
I’m selling to close the long 115 call and I’m buying to open a call at 126 strike in the 26AUG expiry.
This makes it a 126/130 26AUG/19AUG Call Diagonal spread.
By collecting 5.15 credit I’m taking risk from $577 down to just $62 per spread.
Risk Profile:
Order Ticket:
