OPENING: QQQ NOV 16TH 166/170/2X193/2X195 IRON CONDOR

for a 1.23/contract credit.

Metrics:

Max Profit: $123/contract
Max Loss/Buying Power Effect: $277/contract
Break Evens: 168.77/193.61
Delta: -4.36
Theta: 1.30

Notes: Going out to the November monthly to sell some premium in the highest implied volatility broad market instrument out of IWM, SPY, and QQQ. Collecting a dime short of one-third the width of the widest wing (4-wide).

Zlecenie aktywne:

Rolling the put side up a smidge to the 175/179 for a .35/contract credit (delta balancing; put side at 50% max); scratch at 1.58.

Zlecenie aktywne:

In spite of this down move, net delta is basically dead ass flat (.45/contract). And with the short call side at 25% max, there's basically no reason to do an adjustment roll.

Zlecenie aktywne:

Rolling the 193/195 down to the 189/191 for a realized gain and a .24/contract credit (so, .48 for each 2x). Scratch at 2.04.

Zlecenie aktywne:

Rolling the 189/191 down to the 185/187 for a realized gain and a .28/contract credit (.56 net per call side wing contract); scratch at 2.60 (delta balancing).

Zlecenie aktywne:

Rolling to the 180/182 (nearly to an iron fly) for a .70 net credit; scratch at 3.30. Yeesh, what a down move.

Zlecenie zamknięto ręcznie:

Covering here with 23 DTE for a 3.30/contract. A scratch if you don't count fees/comms, a small loser if you do. Best to take the buying power, redeploy in a higher probability setup.