ID: 2024 - 005
Updated
01.04.2024
1st official trade of 2024 executed today. This trade is the 5rd element deployed in a campaign of 5 max positions for ESM2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry at 134 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
There are currently 4 elements deployed along with a black swan hedge providing overwatch. One more element will execute next week, and then this campaign will be done. Campaign number 2 will repeat this same process.
Happy Trading All!
-kevin
1st official trade of 2024 executed today. This trade is the 5rd element deployed in a campaign of 5 max positions for ESM2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry at 134 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
There are currently 4 elements deployed along with a black swan hedge providing overwatch. One more element will execute next week, and then this campaign will be done. Campaign number 2 will repeat this same process.
Happy Trading All!
-kevin
Trade active
2.9.2024DIT > 30
adj1 to correct delta and elevate UEL. this will secure and lock in risk-free profits. additionally this will create an opportunity to convert this soldier into a black swan hedge if we continue to grind higher
happy trading!
Trade closed manually
2.15.2024Closed, moved to PM account.
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