On September 25, 2015 the market was down and Average IV was 21.2% at the time of entry around 10:30am.
Trade entry:
Risk graph:
Adjustments:
- Sep 28 - Sold 6 x 1090 Put Verticals to protect t+0 downside risk
- Sep 29 - Sold 3 x 1080 Put Verticals to protect t+0 downside risk
- Sep 30 - Sold 1 x 1120 Put Verticals to protect t+0 upside risk
- Oct 5 - Sold 2 x 1120 Put Verticals to protect t+0 upside risk
- Oct 15 - Sold 2 x 1130 Put Verticals to protect t+0 upside risk
- Oct 23 - Sold 2 x 1130 Put Verticals to protect t+0 upside risk
- Oct 28 - Sold 2 x 1140 Put Verticals to protect t+0 upside risk
- Nov 2 - Rolled the BF up 50 pts
- Split the Short side of the BF into 10 x 1160, 5 x 1170, 5 x 1190 to protect t+0 upside risk
- Nov 6 - Sold 4 x 1180 and 1 x 1200 to hedge upside t+0 risk
- Exited the trade slightly lower than Max Profit target at +$2136 (b/c I was running out of runway with 9 DTE combined with high Gamma risk)
