IWM had more IV than the other indices and I needed to keep establishing some positive theta for April.
Trade Setup:
-1 IWM 126/134/147/151 Iron Condor @ $1.49
Max Win: $149
Max Loss: $651 ($651 to the downside, only $251 to the upside)
Breakevens: 132.51 & 148.49
Trade Management: I will look to take around 50% in the trade, or $75. Likely will roll the untested side if we break either way, as the trade is wide right now. This reduces my risk to each spread if done so for a credit. I can eat the loss to the upside, along with additional credits and I wouldn't mind taking some stock and selling calls against it if we rock bottomed.
Green is profit zone; Vertical black bar is expiration
Trade Setup:
-1 IWM 126/134/147/151 Iron Condor @ $1.49
Max Win: $149
Max Loss: $651 ($651 to the downside, only $251 to the upside)
Breakevens: 132.51 & 148.49
Trade Management: I will look to take around 50% in the trade, or $75. Likely will roll the untested side if we break either way, as the trade is wide right now. This reduces my risk to each spread if done so for a credit. I can eat the loss to the upside, along with additional credits and I wouldn't mind taking some stock and selling calls against it if we rock bottomed.
Green is profit zone; Vertical black bar is expiration
Dagangan aktif
Covered my 147 short call today for a $0.29 debit. The call only had around $20 left of EXT to my long call, so I didn't want to hold the risk if we kept going up. The long call has around a $0.07-0.08 bid, so I will just leave this option on as a lotto and look to make up the rest of the credit with the short put spread.Dagangan ditutup: sasaran tercapai
Closed trade for overall $.87 debit. $62 profit/contract
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.