Forum Replies Created
-
Posts
-
I’m opening an Iron Fly 100 point wide on SPX:
I will set aside 4K to manage this position in case I need to make adjustments.-
This topic was modified 3 years, 6 months ago by
Gabriel S.
SPX at 3594
I’m going to set up a put butterfly, centered around 3400. This is a bearish trade because we need the price to move towards the short strike to make a profit.
This butterfly is made up with a 25pt wide put debit spread and a 15pt wide put credit spread. MID price right now is about 2.40 debit.
This risk in this trade is the debit paid, probability of profit is around 25% – so size accordingly.
Risk Profile:
Order Ticket:
SPX at 3502
We got a quick move down and I’m going to take this trade off and look to reposition
Risk Profile:
Order Ticket:
CLOSING this trade for 7.30cr
SPX is up almost 3% today. I’m rolling the short put up expecting a continuation of this short squeeze.
Order:
New Risk Profile:
AAPL at 140.09
I’m going to BUY TO OPEN 28OCT 145/150 Call Spread and I’m going to SELL TO OPEN 14OCT 134/130 Put Spread to finance the call debit spread.
Risk Profile:
Order Ticket:
SPX took back more than half of the big move up yesterday so my expectations for continuation are not looking as good.
I’m bringing the lower wing up to reduce deltas again. In this market you have to be ok with being wrong and change your view based on what the market is telling you.
New risk profile:
ABNB at 118.12
This stock is breaking above 8 and 21 EMA and I’m looking for a move towards 128-130 area.
This is a broken wing call butterfly, risking the debit paid for this trade. Current mid price is around 3.00 or $300 per 1 contract.
In a context of a $1,000 max risk per trade, my max size for this trade should be 3 contracts.
Risk Profile:
Order Ticket:
OIH at 247
We dont have much time left in this trade and I’m going to take a small loss here.
Risk Profile:
Order Ticket:
Big up move today put some pressure on this position which is accumulating more negative delta. I’m rolling the short puts up to flatten out deltas a bit.
Order:
New risk profile:
SPX at 3691
We’re going to set up a Bear Trap with 44 days until expiration.
Cost: 0.75 debit
BRP: 30.75Risk Profile:
Order Ticket:
AAPL at 143.76
I’m going to go ahead and close out the put credit spread for 0.05 debit. This leaves me with a 145/150 call debit spread going into earnings next week.
Order Ticket:
AAPL at 145.65
I’m going to sell a call spread against my original call debit spread. My goal is to collect enough credit to remove remaining risk out of this trade.
Selling a call spread against the long call spread will make it a call butterfly spread.
I am selling a 2.5pt wide call spread against a 5pt wide call spread, so this will be a broken wing call butterfly.
Risk Profile:
Order Ticket:
WHR at 134
This stock is pretty weak here and earnings are coming out after the close today.
I’m going to buy to close the put credit spread and leave the 150/155 call spread open. My max potential loss in this trade is $300 per 1 contract, as planned. I will hold the remaining call spread as it does not expire until 18NOV.
Chart:
Risk Profile:
Order Ticket:
CRM at 158.71
I’m looking for a move towards 50% retracement of recent move lower. This is a 10pt wide call debit spread. We need 160 or better by 18NOV expiry, implied Probability of Profit around 50%
Chart:
Risk Profile:
Order Ticket:
-
This topic was modified 3 years, 6 months ago by
