... for a 52.00 credit. Comments: The final step in fixing a flub I made yesterday ... . Now selling a put against in the correct expiry.
... for a 42.25 debit. Comments: Cleaning up a mistake made yesterday, which was an additive delta balancing adjustment in the wrong expiry. Closing out the "odd man out" here ... . This leg was filled for 52.25. Closing it out here for 42.25 results in a (52.25 - 42.25)/20 = .50 ($50) gain. I'll replace it shortly with a short put in the correct expiry ... .
... for a 23.00 credit. Comments: Now selling a correspondent short put in the February 28th expiry to replace the delta of the one I took off in February 17th due to selling an additive delta adjustment short strangle in the wrong expiry. 23.00/.20 = 1.15 ($115) credit for this leg. Probably would've been easier to just close out my error and re-do it in the...
... for a 21.50 debit. Comments: Fixing part of my screw up in opening my additive delta adjustment short strangle (which I opened in the February 28th expiry instead of the February 17th). (30.00 credit (for this leg) - 21.50)/20 = .425 ($42.50) profit. I will now proceed to open a 13 delta short put in the February 28th expiry to replace it, but will still...
... for a 68.75 credit. Comments: An additive delta adjustment trade. (68.75/20) = 3.4375 ($343.75) credit. My original thought process was to just leave what I had on mostly alone running into CPI, but didn't like how the position had skewed out short, so am adjusting it here to net delta flat. I actually intended to open this in the February 17th contract,...
... for a 25.50 debit. Comments: Matching profitable short call with profitable short put here and taking off some risk running into CPI. $43.75 profit. Position net delta leans slightly short ... .
... for a 46.50 credit. Comments: Additive, bullishly skewed delta adjustment trade, selling the 9 delta call and the 21 delta put. 46.50/20 = 2.325 ($232.50) credit. As before, will look to mix and match profitable put side with profitable call side to take off risk ... .
... for a 22.00 credit. Comments: Additive long delta adjustment here that I get for a credit that exceeds the buying power effect by a smidge. (22.00)/20 = 1.10 ($110) max. Net position still leans short.
... for a 48.75 credit. Comments: An additive delta adjustment trade ... . 48.75/20 = $243.75 credit received. Because the remaining short strangle that I had was short the 19 delta put and short the 14 delta put, I sold the 14 delta put and the 19 delta call to delta balance, resulting in a net delta neutral position.
... for a 38.75 debit.* Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here. * -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00...
... for a 46.00 credit. Comments: Additive delta balancing. $230 max on buying power effect of $790. 29.1% ROC as a function of buying power effect at max; 14.6% at 50% max. Total credits collected off $478.75. Will look to mix and match profitable call with profitable put and/or take the entire cannoli off in profit.
... for a 49.75 credit. Comments: Selling the 16 delta on both sides for my first trade of the year. Although this routed for 49.75, the max profit on this is actually 1/20th of that or 2.4875 ($248.75) on buying power effect of around 7.05 ($705). 35.3% ROC at max; 17.6% at 50% max. Will look to roll in untested side to adjust delta.
HELLO GUYS THIS MY IDEA 💡ABOUT MES1! is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
SPX 2week 20ema/50ema bear cross should happen today. 1.5 ticks away. Look at 2008 for the past reaction Looking for flush down to 3686 on a break down of 3781. DXY holding double bottom above 110.42 looking for continuation higher on DXY
Looking to short MES - going off the trade idea of 12/07 E: 3968.25 PT: 3890-3900 zone
Why short-term trading into the US market beats the long-term investing in the year 2023? As much as the Fed wanted to dial down the interest hike for the rest of the coming meetings, but they have limited control. It all depends on the forthcoming data, especially the CPI and the employment numbers. If these data continue to have a higher number, the Fed may...
Fellow traders, If the full moon tonight excites the animal within - I propose taking a look at the S&P500 daily chart... (although this is a 2hr chart for detail ;) Full bullish structure, a balance day after Friday's strong push. MA's are strong and previous price structure resembles a possible strong move to 4000 This entry isn't prime quality - I would like...
Last week ES price action indicated acceptance of these higher prices and appears to be ready to move higher. Friday's move was quite a shock. Long side trades existed at 3860 but they didn't 100% fit my strict strategy as I cautiously build my small account. I expect buying to continue into next week and I'm interested in buying any weakness. Green area is very...