M3 CE - August 2017

Trade Entry

Adjustments

Aug 22:

• Self talk
• My Greeks look good, but my t+0 line to the upside is slightly sagging. Since the RUT has been down huge points in the past few days I think there will be a rally OR slight pullback to the upside. If looking at probabilities, the highest probability for the RUT to do is either pause  or pullback (i.e. in this case pullback = upmove). 
• Considering all of this I should try and flatten out my t+0 to the upside.
• Adjustment
• Condor: Rolled 10 shorts up to 1340 and 10 longs up to 1290

Aug 23:

• Self talk
• My Greeks look good, should I try and flatten out my t+0 line to the upside more? WHY am I obsessing over this fucking line? STOP obsessing over the t+0 line.
• Adjustment
• Decided last minute to NOT make an adjustment.

Aug 30:

• Self talk
• My greeks are good, but my t+0 line to the upside is not flat. If I make an adjustment it ends up reducing my Delta e.g. starting delta -16 if I make an adjustment to flatten my t+0 my delta drops to -1.56. Should I be making an adjustment to flatten the t+0 to the upside? 
• Adjustment
• I've decided not to make an adjustment and stay in the position the way it is.

Aug 31:

• Self talk
• Can't keep my VEGA and DELTA negative and RUT is 25 pts above my upper wing 

• Adjustment
• Rolled the butterfly 30 pts up. I could not keep my 14 lot butterfly and therefore tried to keep my butterfly at 10 lot but due to capital requirements I was forces to buy a 9 lot butterfly.

Sept 6:

• Self talk
• I need to bring my put butterfly to at least a 10 lot, because that's what Dave said is the minimum number of bf's.

• Adjustment
• Added an additional 1 put butterfly to bring my M3 to a 10 lot.

Sept 7:

• Self talk
• I need to balance my t+0 line out, I have too much risk to the upside. I should flatten the t+0 line to the upside.

• Adjustment
• I had to take money out of my deep ITM long call because I didn't have any cash in my account.
• Diagonal trade from current month call to previous expiry Oct 13
• Sold a vertical to balance t+0 to the upside

Sept 11:

• Self talk
• Maybe if I control Delta using a Call Vertical I won't have to make a drastic adjustment.

• Adjustment
• I