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I’m rolling the short puts up to adjust deltas:
Order:
New risk profile:
Income Navigator LIVE: 10/24/2022
LOW at 191
We have 25 days until expiry. I am going to roll my long call up and out to 02DEC 200 strike, converting this call debit spread into a call calendar spread.
The best case we drift towards 200 level over the next 3 weeks.
The credit for this adjustment is going to reduce risk in this trade from 5.20 to 1.80
Risk Profile:
Order Ticket:
Current profile:
SPX moved above the previous swing high and I’m expecting 3800 to become the next support.
I am moving the whole structure up to stay delta neutral and to have a bit more theta.
Orders:
New Risk Profile:
ENPH at 296
I’m looking for a move towards 320. This is a 20pt wide call debit spread for 7.20 debit. Max risk is the debit paid, this trade has an implied prob of profit around 30%
Risk Profile:
Order Ticket:
AAPL at 148.39
I’m going to roll up the long 145 call up to 147 strike, collect a credit and reduce risk on the downside
Risk Profile:
Order Ticket:
DPZ at 333.78
The chart is setting up bullish with MACD bullish cross and TTM Squeeze fired long.
I’m looking for a move towards 360-370. This is a 30×20 Broken Wing Call butterfly. Our best case is this stock trades around the short strike near expiry. The worst case, we’re risking the debit paid for this trade. If the price does not reach 348 by expiration, the debit paid is at 100% risk.
Risk Profile:
Order Ticket:
ENPH at 311.24
I’m going to sell a 10pt wide call spread, collect a credit which will reduce risk from 7.30 to 3.70 (50%).
This trade has 50 days until expiration and we can always add risk on any pullback.
Order Ticket:
New trade on RUT. This is a 60×55 Put broken Wing Butterfly. Minimum 2 contracts per tranche to allow for adjustments. My goal is to stay delta neutral by doing incremental adjustments. I will stop this trade if I hit a $600 loss.
BTO 16 DEC RUT 1750/1810/1865 PUT BWB 4.40db
Planned Capital: $5K (Most likely I won’t use it all)
UPDATE: I am now using a ~2.5X stop instead of 3X
SPX at 3869
I’m going to move the lower end of the Bear Trap closer ATM.
This trade has 32 days until expiration and there’s still a good chance we might move toward the body of this trade or the Bear Trap as we call it.
This adjustment is going to bring in a credit which will cover all of the initial outlay and leave us with a small credit on the upside. This means that if SPX expires above 3460, we’ll get to keep the small credit.
The remains on the downside.
Risk Profile:
Order Ticket:
SHOP at 34.54
I’m looking for SHOP to move towards 40 over the next 2 weeks. This is a broken wing call butterfly, centered around 40.
I’m buying 36/40 call spread and I’m selling 40/42.5 call spread to partially pay for the 36/40 call spread.
The cost of this trade is around 0.75-0.80 per spread. That is the most this trade can lose if SHOP is below 36 at expiration.
Best case for this trade is SHOP trading at 40 at expiration.
Risk Profile:
Order Ticket:
Closing this trade for a $180 profit. We have 11 days left in the trade and FOMC on Wednesday might hold premiums and make it more difficult to exit.
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This reply was modified 3 years, 5 months ago by
Gabriel S.
MPC at 119.21
I’m looking for a move towards 130
This is a broken wing call butterfly, which is made of a long 120/130 call debit spread and a 130/135 call credit spread.
The cost of this trade is about 2.70 debit. That is the max risk in this trade.
Risk Profile:
Order Ticket:
DPZ at 344.50
I’m going to roll the long 340 call up to 350 strike, collect a credit and make it a balanced call butterfly for now
Risk Profile:
Order Ticket:
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This reply was modified 3 years, 5 months ago by
