8.21.2023
inception price action
Non-directional trade with black swan hedge protection built in.
This is the 19th trade in one account for this calendar year, with a market neutral, delta-neutral bias.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. My approach is to remove the directional bias and opinion about the market, and just leverage the power of time decay.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 60 DIT (days in trade) regardless if target profit is achieved.
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
Anywhere in the "peak profit" zone is where maximum profits occur.
Happy Trading All!
-kevin
inception price action
Non-directional trade with black swan hedge protection built in.
This is the 19th trade in one account for this calendar year, with a market neutral, delta-neutral bias.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. My approach is to remove the directional bias and opinion about the market, and just leverage the power of time decay.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 60 DIT (days in trade) regardless if target profit is achieved.
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
Anywhere in the "peak profit" zone is where maximum profits occur.
Happy Trading All!
-kevin
Trade active:
8.30.2023
adj1 to reposition delta - gigantic BULLISH move.
adj1 to reposition delta - gigantic BULLISH move.
Trade active:
9.1.2023
adj2 - secured profits
adj2 - secured profits
Trade active:
adj3 - secured profits, corrected DELTA
Trade active:
9.15.2023
adj4 - corrected DELTA
adj4 - corrected DELTA
Trade active:
9.21.2023
adj5 - corrected DELTA
adj5 - corrected DELTA
Trade active:
9.26.2023
adj6 - beginning steps of unwinding. :)
adj6 - beginning steps of unwinding. :)
Trade closed: target reached:
10.23.2023
closure - target profit
closure - target profit