Aside from this, I am wishing everyone good health. Crazy times we live in.
Justification:
Directional Play: Just trying to flatten my delta in $SPX. I will look to manage these trades independently.
Technical: Above 50% retracement, below 161.8% projection.
Fundamental: www.tradingview.com/...s-Fundamentals-News/
If/Then:
Take profit? 50% of credit received.
Where will you hedge? $1900 and $2740.
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Justification:
Directional Play: Just trying to flatten my delta in $SPX. I will look to manage these trades independently.
Technical: Above 50% retracement, below 161.8% projection.
Fundamental: www.tradingview.com/...s-Fundamentals-News/
If/Then:
Take profit? 50% of credit received.
Where will you hedge? $1900 and $2740.
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Trade closed manually:
Premium Sucked Out: Closed both sides -- together -- for a $8.85DB. Will look to place trades on either side when the opportunity presents itself. Was getting uncomfortable on the call side.
Comment:
If I would have waited, I could of closed the two positions for a $6.00DB. Patience is key, haha!
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.