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APA at 42.11
This chart is setting up for a move higher. My target is 48
This is a simple Call Debit spread. The risk is the debit I’m paying to enter this trade. I need 44 or higher by October expiration for this trade to make a profit.
Chart:
Risk Profile:
Order Ticket:
UNH at 508.05
First target hit.
Risk Profile:
Order Ticket:
SPX at 3909
Let’s roll with wings in to eliminate upside risk for now. The risk to the downside remains, smaller but still there.
Risk Profile:
Order Ticket:
RUT at 1825. Closing the upper fly to reduce deltas
2nd adjustment: Rolling the leftover butterfly down:
Once every few years this trade need many adjustments. I don’t think I’ve ever had to do this many though.
Here we go:
Orders:
New Risk Profile:
Income Navigator LIVE: 9/16/2022
thanks for this. could you also put up a corresponding screenshot of the actual trade you placed here in this example here too for clarity? i tend to really mix up IC strikes. thanks
This is an example of an opening order. You can also enter the put spread and the call spread separately.
RUT at 1734 and deltas are getting too positive.
I’m rolling down this butterfly.
Order tickets:
New Risk profile:
RUT down almost 3%. Deltas are too positive and RUT breached the lower wing (again).
Order tickets: 
New Risk Profile:
Hi all!
I am a new member here. Not yet on Slack. I have not received yet the email with the instructions to join Slack. Is it there were most of the “action” occurs?
Also, where does Tom King post his trades? I have not found them here. Does his “Octagon of Income” still apply? Does he teach/show here in Income Navigator how to trade the Octagon of Income?
Thanks,
EnricoAdding a 2nd butterfly to increase deltas. But this time I’m doing a 50×30 to avoid deltas being too negative.
Order ticket:
New Risk profile:
RUT is up 3% on the day. I am adding the 3rd fly again to expand the tent and increase deltas.
New Risk Profile:
Closing the higher butterfly.
