Backtesting 2012 - Oct 26, 2012 Entry

On Oct 26, 2012 the market was down and Average IV was 20.2% at the time of entry around 10:30am.

Trade entry:

Adjustments:

• Nov 1 - Sold 5 x 800 to reduce DELTA outside tent and protect t+0 upside risk
• Nov 7 - Sold 2 x 770 to protect t+0 downside risk
• Nov 8 - Sold 3 x 770 to protect t+0 downside risk
• Nov 14 - Sold 5 x 790, 2 x 760, 3 x 750 to reduce positive DELTA and hedge t+0 line
• Nov 15 - Rolled the BF down
• Nov 16 - Sold 5 x 770 to reduce DELTA and hedge t+0 upside risk
• Nov 19 - Sold 2 x 760 and 3 x 770 to reduce positive DELTA outside tent
• Nov 21 - Sold 4 x 780 to reduce positive DELTA outside tent
• Nov 23 - Rolled BF up
• Nov 26 - Sold 5 x 810 to hedge t+0 upside risk
• Nov 28 - Sold 2 x 820 to reduce DELTA inside edge of tent
• Nov 29 - Sold 2 x 820 to reduce DELTA inside edge of tent
• Dec 5 - Sold 1 x 820 to reduce DELTA inside edge of tent
• Dec 10 - Exited a Below Profit target + $1974