On March 20, 2015 the market gapped up and Average IV was 13.3% at the time of entry around 10:30am.
Trade entry:
Risk graph:
Adjustments:
- Apr 10 – Bought 10 x 1230 and Sold 10 x 1240 Put Verticals to control DELTA inside the edge of the tent
- Apr 16 - Bought 5 x 1240 and Sold 5 x 1250 Put Verticals to control DELTA outside of the tent
- Apr 21 - Exited at Max Profit of +$2620