Opening (Margin): /ES April 21st 1900 Short Put
... for a 3.45 credit.
Comments: An additive long delta trade that I get nearly buying power free due to /ES position net delta, now targeting the 50% of current price strike for around 3.00 in credit. As usual, will generally look to take profit at 50% max, but won't hesitate to take more at-risk strikes off for less with the current most at-risk strike being the February 28th 2200.
Comments: An additive long delta trade that I get nearly buying power free due to /ES position net delta, now targeting the 50% of current price strike for around 3.00 in credit. As usual, will generally look to take profit at 50% max, but won't hesitate to take more at-risk strikes off for less with the current most at-risk strike being the February 28th 2200.
Trade closed manually:
Now that my /ES position has wandered slightly net long, taking this off for a 2.45 debit. (3.45 - 2.45)/2 = .50 ($50) profit. I'll look at adding back in a rung lower down the ladder, but farther out in time if it doesn't cost me much additional BP; otherwise, I'll just manage what I currently have on.