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SPX at 3963
This trade has 16 days until expiration. The OTM short puts have lost 90% of value and I’m going to close out these puts to unlock BP
Order Ticket:
XOM at 115.26
Closing 1/2 position at 1.35 credit
Order Ticket:
MA at 376
I’m going to take a loss on this one with 1DTE
Order Ticket:
SPX at 4039
Now we’re outside of the tent on the upside.
My NET delta is now -4
I’m going to roll 1/2 of my long 4030 puts down 5 points and this should get my NET delta back to flat.
Risk Profile:
Order Ticket:
SPX at 4061
I’m going to roll the second 1/2 of the long 4030 puts down to 4025
Risk Profile:
Order Ticket:
Added a CCS to bring in more credit:
Closed the rest for 1.70 credit
UPS at 189.60
I closed 4/5 pos for 1.90 credit and remaining 1/5 for 2.50 credit
Total profit: 0.72 on 1.30 or +55% ROR
SPX at 4185
Time to make another adjustment
Risk Profile:
Order Ticket:
AMZN at 112.31
I’m going to roll the long 94 call up to 100 strike to collect a credit. This move will make it a balanced butterfly, meaning the widths of the wings are equal or equidistant from the short strike.
AMZN will report earnings later today and while this trade has plenty of time until expiration, I’m just looking for a way to remove risk ahead of earnings.
Risk Profile:
Order Ticket:
RUT is up another 1.5%. I’m closing the lower fly and opening another one for a .47cr
This trade is rolling off today with the remaining PDS expiring worthless
UPS at 189.75
We’re looking for a move to 200
This is a call butterfly, buying 190/200 call debit spread and selling a 200/210 call credit spread.
The risk in this trade is the debit paid to enter.
Risk Profile:
Order Ticket:
SPX at 4146
I’m going to add a 111 Bull Trap
I’m buying a Call Debit Spread and I’m selling a naked call to pay for the call debit spread. This trade has 24 days left and hopefully SPX isnt going to make a strong push towards 4300. If it does move to 4300, I will need to stop out around that price level.
Risk Profile:
Order Ticket:
SPX at 4124
I’m going to close the 111 Bull Trap for an additional 0.60c credit
Order Ticket:
