OPENING: CRON OCTOBER/JULY 4/8 LONG CALL DIAGONAL

9 Jun 2020

... for a 3.00/contract debit.

Metrics:

Max Loss on Setup: $300/contract
Max Profit on Setup: $100/contract (33.3% ROC)
Break Even: 7.00
Debit Paid to Spread Width Ratio: 75%

Notes: High background implied at 118% with plenty of opportunity to reduce cost basis via roll if it discontinues its grind up.

29 Jun 2020

Dagangan aktif

Rolling the 8's down and out to the August 7's for a .29 credit; scratch at 2.71.

28 Jul 2020

Dagangan aktif

Rolled the August 7's out "as is" to September for a .24/contract credit on traverse of the short call strike to collect maximum extrinsic. Scratch at 2.47.

17 Ogo 2020

Dagangan aktif

This thing will just need more time and/or additional cost basis reduction ... . Rolled the October 16th 4 long call out to the January 15th 5 long call for a .33/contract credit; scratch at 2.14.

25 Ogo 2020

Dagangan aktif

Rolling the September 18th 7 down and out to the October 16th 6 for a .26 credit. Scratch at 1.88. This is functionally equivalent to rolling below my cost basis since I've narrowed the width of the diagonal to a one-wide, which means that the max I can make out of it if I do nothing and price finishes above 6 is 1.00, so it isn't ideal.

9 Okt 2020

Dagangan ditutup secara manual

Election/retirement flat.