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21-Dec-2018 Expiry

8 replies, 1 voice Last updated by Rahim Khataw 2 years, 7 months ago
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    • #13671

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      Bah, hit max loss today at 2 DTE…down $2150 and $88 in fees. 22 Total trades.

      Need to figure out how to safely scaling in at 21 DTE and exit the trade for the reduced profit target of $500.

      21 DTE…up $35 excluding fees and then all downhill from there.

       

    • #13632

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      21 DTE – reduced profit target to 10%.

      Scaled in to 2/3 while keeping the delta neutral in order to safely exit the trade at the reduced Profit target.

      Added 1520/1570/1620 fly to the existing 1450/1500/1550 position. It sure is an interesting P/L graph with two peaks and a connection ramp in between them.

      Got a nice big sweet spot to be right still, 1473 to 1597 at expiry.

      This Dec 21st trade so far has had it all. Bunch of rolls, pullback to reset control point and now adding at 21 DTE to safely exit the position.

      Delta -4.36, Theta 45.07, Delta/Theta = -0.10

      As the saying goes, Theta pays the bills and Butterflies Stay in their cocoon till 2 days before expiry 😉

    • #13605

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      Up $170 excluding trading fees. Reduced profit target of 10% kicks in on Friday, Nov 30th.

      Price is inside the profit tent still 🙂

    • #13589

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      The beast comes back and now the loss is only $60…all coming from commission fees. Nice comeback after being down $541 on Nov 7th.

      Closed all 3 flies last week and reset to ATM 1500.

      31 DTE and it’s right in the middle of the profit tent!

      Who else has this trade on and is loving it?

      RK

       

    • #13539

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      4 rolls later, got the 1540, 1560, and 1580 on.

      Down $500 about. Delta is -16 and Delta/Theta is 0.53.

       

    • #13504

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      Fully scaled in with original shorts at 1460, 1480 and 1500 on Oct 31st.

      Rut moves up 34 points to 1545 today which triggers rolling sequence.

      However if I roll the 1460 to 1520 and the 1480 to 1540 the delta is below -10 and if i just roll the 1460 to 1520 the delta is still below -10.

      So is the right call to roll the 1460 to 1520 and take off the 1480 put butterfly?

      Resulting greeks would be, Delta -10.99, Theta 22.70, Delta/Theta = 0.48

      Thanks, RK

       

    • #13495

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      RUT Over $1520 in the morning, so I went form 1/3 to fully scaled in 3/3:

      1430/1480/1530 for $6.00

      1450/1500/1550 for $7.10

      Delta: -7.77, Theta 17.30

      Little pullback this afternoon back to the sweet spot 🙂

    • #13462

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      Rut at $1480.18 in the morning.

      Bought 1 contract of 1410/1460/1510 Put Butterfly for $7.00

      Delta: -1.86, Theta: 5.92

      Reference point is 1460.

       

    • #13442

      Rahim Khataw
      Participant
      @crxboyz@hotmail.com
      Points: 122
      Rank: Newbie

      Friday is go time – 55 DTE on TOS, 56 DTE on Vue!

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