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SPX at 3785
This trade has clearly gotten away from me and now I’m playing catch up with BP allocated.
It is best to stop out out of this trade unless taking a bit more heat is accepted.
I’m going to pick up an OTM put in the 21JUN expiry to flatten out the delta and see where the market moves in the next day or two.
This trade will require more ASS IN THE CHAIR time as we approach expiration (soft landing according to the FED, right?)
Order Ticket:
Here’s updated Risk Profile:
Trade adjustment:
Adding a 2nd tier to our RUT butterfly
Nice follow Gabe
SPX at 3650
I’m going to cut this one for a big loss
SPX at 3697
This trade expires next week (7DTE). To avoid drama, it’s best to exit this trade near breakeven.
I’m going to hold until Thursday of next week.
For now I’m going to Sell To Close the long put debit spread that is ITM and Buy To Open a put debit spread near ATM
Order Ticket:
This is what this adjustment does to the risk graph:
I’m also going to Sell To Open an OTM Call naked to keep my NET delta near flat.
This is what the risk graph looks like after all adjustments:
RBLX at 29.49
I’m looking for a move towards 35
This is an OTM call butterfly, risking 1 to make 4
Risk Profile:
Order Ticket:
SPX at 3780
I’m going to Buy To Close the 3860 call here.
This trade expires in 2 days.
Order Ticket:
Risk Profile:
HSY AT 217.87
I’m looking for a move towards 235.
This is a call debit spread. The risk is debit paid.
Risk Profile:
Order Ticket:
This trade has 57 days until expiration. Assume full risk as this trade has about 25% prob of profit at expiration.
SNOW at 140.51
This chart is starting to improve and a new trend might be emerging.
I’m picking up a call vertical spread that has about 50/50 odds and my risk/reward is 1:1
Risk Profile:
Order Ticket:
I’m long 500 shares of AAPL at cost of 142.04
This is a covered call that is being sold. The call is covered by the shares. Premium collected will reduce the cost basis for the long stock. I’m selling a call around current cost basis.
Order Ticket:
Risk Profile:
I’m long 200 shares at a cost of246.85
I’m going to sell a strangle (short put and short call, both OTM around delta 30)
This means that if stock goes higher, I get called away. If stock goes lower, I will be put more shares at a lower price.
Win/Win right?
We’ll see.
Risk Profile:
Order Ticket:
RBLX at 34.10
I’m going to take this trade off here and I still like this stock here for more upside. I will look for another bullish opportunity. For now, get the bag.
Order Ticket:
HSY at 220.64
This spread is +20% and it makes sense to trim some or take a profit and set up a new trade if still bullish going forward
Risk Profile:
Order Ticket:
SPX at 3882
I’m going to close 1/2 of the 3970/4030 put spread here.
This adjustment will shift all of the risk to the upside. We still have 21 days until expiration and we have few other adjustments to make if needed.
Order Ticket:
Risk Profile:
