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AMD at 85.96
I’m going to take this one off the board and look for another entry.
Risk Profile:
Order Ticket:
Adding the 3rd tier:
Order Ticket:
New Risk Profile:
SE at 78.41
I’m going to sell a call in the 19AUG expiry to convert this trade into a Call Diagonal spread.
Collecting 4.60 credit will reduce risk in this trade from $725 down to $265
Risk Profile:
Order Ticket:
SPX is up 140 points since we put this trade on. At this point we’re starting to get too much negative deltas and theta will start coming down.
Risk profile:
I’m making the following adjustment. Trying to keep the BP at about the same while reducing risk to the upside.
Order ticket:
New Risk Profile
RUT keeps rallying.
I’m going to roll the lower butterfly up by closing it and opening a new one 20pts above the upper fly.
Order Tickets:
New Risk Profile
Time to get the 👜
3 days left to expiration and we reached our profit target. Closing this for a 7% profit.
Order ticket:
Starting a new 83DTE strangle on /CL with call delta = 9.42 and put delta = 6.53. Total premium for this trade is $1.74. Total BP is $7,700.
SOLD -1 STRANGLE /CLX22:XNYM 1/1000 NOV 22 /LOX22:XNYM 130/62 CALL/PUT @1.74I am entering a 50% GTC closing order for .85
BUY +1 STRANGLE /CLX22:XNYM 1/1000 NOV 22 /LOX22:XNYM 130/62 CALL/PUT @.85 LMT GTC [TO CLOSE/TO CLOSE]I’m starting a new trade on my Small account.
This is a 15DTE Broken Wing butterfly on SPX with a slightly bearish bias. Looking for a 5-10% ROR
Risk Profile 
Order Ticket
AMZN at 118.23
I’m going to roll the short 130 call from 19AUG expiry to 26AUG expiry and down to 129 strike.
This roll produces a NET credit of about 0.65
By making this adjustment, we end up with a 3pt wide call debit spread with no risk.
Here’s the recap:
We picked up a call debit spread for 5.84
We rolled the long leg out and collected 5.20 – this left us with 0.64 of risk in the trade
By making today’s adjustment and collecting 0.65 – this will have removed all risk and leave us with max possible profit of 3.00 ahead of earnings (tomorrow AMC)
Risk Profile:
Order Ticket:
MSFT at 263.87
I’m going to BUY TO CLOSE the 29JUL 235/270 Strangle and SELL TO OPEN 19AUG 245/275 Strangle for a credit around 3.70
Risk Profile:
Order Ticket:
I’m either getting called away at 275 or put additional shares at 245
With /GC at 1735 I am opening a 91DTE strangle with strikes at 1520 and 2040 collecting $11.60 in premium. IV is a little depressed as gold is moving up but I closed a previous strangle today and need to have another working. I will look to put on another in this series in a few days and hopefully IV will have ticked up a bit then. I am placing a GTC closing order for $5.80 as well. BP is $2,150.
SOLD -1 STRANGLE /GCZ22:XCEC 1/100 NOV 22 /OGX22:XCEC 2040/1520 CALL/PUT @11.60
BUY +1 STRANGLE /GCZ22:XCEC 1/100 NOV 22 /OGX22:XCEC 2040/1520 CALL/PUT @5.80 LMT GTC [TO CLOSE/TO CLOSE]<center>
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This topic was modified 3 years, 8 months ago by
Gary C.
UNP at 217.18
I like the chart set up for this stock to move higher.
This is a simple Call Debit spread. Risk is the debit paid.
Risk Profile:
Order Ticket:
Risk: 4.90
Reward: 5.10
POP: 43%Market rallied after FOMC meeting:
I’m closing all of the butterflies and opening a new one centered 20pts below current price.
T1 closing order:
T2 closing order:
T3 closing order:
Opening New Tier order:
New Risk Profile:
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This reply was modified 3 years, 8 months ago by
Gabriel S.
SPX is up +100 pts
I’m rolling this butterfly up for a total of .25db:
Before adjustment:
After adjustment:
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This topic was modified 3 years, 8 months ago by
