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SPX at 4069
This trade is rolling off today with remaining PDS expiring OTM.
SPX at 4137
I’m going to close the short OTM puts for 0.80c debit because these puts have lost more than 90% of their value.
This leaves me with the original PDS for the next 18 days.
This put debit spread is going to act as a ‘hedge’ and if SPX pushes below 3810, this put spread will be worth it’s max potential value of 30.00
If the market is above 3840 by expiration, this remaining put spread is going to expire worthless.
Risk Profile:
Order Ticket:
TEAM at 167.73
This trade expires today and it is currently showing a good profit. It’s time to close and move on.
Risk Profile:
Order Ticket:
NXPI at 187.15
This trade did not work out, taking a full loss.
MCD at 268
This trade did not work out. Taking a full loss, as planned.
SPX at 4004
I’m going to harvest short puts here, buying them back at 90% of max profit or so with 18 days until expiration
Risk Profile:
Order Ticket:
SPX at 3946
This trade is going to expire in 2 days. Here’s what current P/L graph looks like:
SPX at 3947
This trade has 16 days left until expiration. There’s still a chance that SPX might end up below 3900 making the remaining Put Debit spread very profitable.
I am willing to give up some of the potential profit under 3900 in exchange for a potential higher profit if we are above 3930 on March 17th.
I am going to Sell To Close 1/2 of my 3930/3900 Put Debit spreads and hold remaining position closer to expiration.
Risk Profile:
Order Ticket:
SPX at 3862
This trade is going to expire in 16 days and I’m going to stop out here
Risk Profile:
Order Ticket:
SPX at 3934
I’m closing the remaining PDS of this trade here
Risk Profile:
Order Ticket:
Since Tom is recommending selling the short call near the money (price of the underlying) then it can be expected that the long call leap will get called away frequently. I would like to have explained how this trade is settled.
On Utube Tom uses a spreadsheet to record trades for IPMCC that tracks core position, calls sold, etc. Is that spreadsheet available to members?
