OPENING: FXE JUNE 16TH 102/103/105/107 IRON CONDOR

9 maj 2017

Basically, a synthetic short FXE position with some put side flexibility in the event that I am totally wrong ... .

Metrics:

POP%: 46%
Max Profit: 95/contract
Max Loss/BPE: 105/contract
BE's at 102.04/105.96
Theta: .38
Delta: -22

Notes: Shooting for 50% max ... .

16 maj 2017

Uwaga

Covering the near worthless put side here for a .04 db. I looked at rolling up the entire put side, rolling just the put, etc., but couldn't seem to get squat for doing that, so will look at reestablishing the short put side on a down day or just exiting the short call side at 50% max if I get a shot at that. Scratch point is .91.

16 maj 2017

Uwaga

Rolling the 107 long call up intratrade to the June 16th 108 long call for a .48 credit. Scratch point is now 1.39. I'll still shoot for the original profit target of .48, so will take the trade off at 1.39 - .48 = .91.

19 maj 2017

Uwaga

Wow. This is enormously pesky to defend. It's virtually impossible to sell an oppositional side against for, well, anything, so rolling up the long call again to the 109 for a .45 credit. Scratch point at 1.84.

19 maj 2017

Uwaga

Generally unwise to add to a losing position, but I'm somewhat set on my assumption of rate hike and/or hawkish tone around FOMC, so sold a June 16th 108/110 short call vert for an .82 credit. Scratch point at 2.66. If I'm wrong, I'll obviously be "paying the piper."

23 maj 2017

Zlecenie aktywne

Finally turning over somewhat with dollar (DXY) pulling off six-month lows.

29 maj 2017

Zlecenie aktywne

Draghi speaks before the European Parliament Econ Committee today ... . C'mon, Mario, help me out here ... .

6 cze 2017

Zlecenie aktywne

This is probably "too little, too late," but buying a July 21st 108/111 long call vertical for a 1.36 db to delta hedge. If price caves as I originally wanted it to, I will roll it over to a credit spread; if not, it'll mitigate further upside loss. Still hopeful that a June rate hike will bring this down at the last moment.

12 cze 2017

Zlecenie aktywne

Rolling the July 21st 111 short call down to the 109 for a .47 credit; just trying to claw back a little credit from that delta hedge ... . The June aspect will either work around FOMC or it won't; we'll probably see on Wednesday whether that's already baked in or not ... .

13 cze 2017

Zlecenie aktywne

With the June expiry 110 long call nearing worthless, rolling it into the 109 for a .14 db to hem in risk a bit if this thing doesn't do what I want it to around FOMC (scratch at 2.80 for June action).

13 cze 2017

Uwaga

Correction -- scratch at 2.66 - .14 = 2.52.

15 cze 2017

Zlecenie zamknięto ręcznie

Covering the June part of the setup for a 4.14 db, resulting in a loss of 1.62 for the credit spreads. I still have the July delta hedge on (now a 108/109 long call vert; scratch point .89), but will wait until next to week to deal with it.

16 cze 2017

Zlecenie zamknięto ręcznie

And covering the July 108/109 long call vert for a .37 credit here, so loss is 1.36 - .47 - . 37 = .52 for that little fella ... . June, ugh, not the best month I've had ... .