OPENING: XBI MARCH 20TH 80/105 SHORT STRANGLE
... for a 1.75 credit; delta .60/theta 3.57.
Notes: Selling the 15's with the intent to add to delta balance if necessary. Since this is shorter duration than some of my other broad market or exchange-traded fund stuff, I may go for the full 50% max, but will see how it goes. I would note that this is generally less liquid than I like to see (.20 wide markets).
Notes: Selling the 15's with the intent to add to delta balance if necessary. Since this is shorter duration than some of my other broad market or exchange-traded fund stuff, I may go for the full 50% max, but will see how it goes. I would note that this is generally less liquid than I like to see (.20 wide markets).
Trade active:
Thought I posted any adjustments I made, but neglected this one: Selling the March 20th 88/110 20 delta P/8 delta C for a 1.65 credit; scratch at 3.40; delta/theta -.47/6.61, extrinsic 2.96.
Trade active:
Rolling the approaching worthless 110 down to the 100 for a .61 credit and selling an extra 100 for a .64 credit to delta under hedge. Delta/theta 22.05/11.19; current setup value of 5.96 versus scratch of 4.65.
Trade active:
Sold the March 20th 16 delta 84P at the close to delta balance for a .92 credit; scratch at 5.56 versus setup value of 5.45; delta/theta -6.21/14.71.
Trade active:
Sold a March 20th 15 delta 88 for .78 to delta flatten; scratch at 6.34 versus setup value of 6.17; delta/theta -42.72/17.84.
Trade closed manually:
Closing the setup with 30 days to go for 5.97, a .37 ($37) winner. Will look to re-up next week with a fresh setup ... .