Delta Neutral on $SPX using /ES Future's Options
In a delta neutral again - so far aside from one game my broker played I have been batting 1000 playing these SHORT ICs. so why not continue?
Current Trade:
Theta is going to be picking up big time in this trade as we are 3 days from expiration - this will be on Aug 12th. Most likely will not hold till then. Currently the trade is already in profit at $137.50 per contact since yesterday after close.
May take profit on Monday and then rebuild this - indeed this close to exp. The time decay is so high. Loving it. Don't know why I haven't always been doing this?! IV Rank is 30.9% on ES futures.
2850 would in hindsight been better - being at the bottom of the bollinger I actually would lower the short side of the trade to make a higher shaped bell curve which will result in a higher credit received to ironically minimize risk - if I were to stay in the position. So it may sound counter intuitive, but if it does go down, I will most likely lower the top side of my trade -to get that credit.
Love these trades - does not matter if the market goes up or down. I may have timed the market crash well, and I am still long BTC, but with leveraged instruments it is difficult to time every detail properly - so why bother right? Just get delta neutral and trade the range of the market instead.
GL friends. Be a market maker and add some liquidity to these speculators. :)
Oh, and get paid a ton passively for doing so!
Current Trade:
- Buy 2880 P
- Sell 2885 P
- Sell 2980 C
- Buy 2985 C
Theta is going to be picking up big time in this trade as we are 3 days from expiration - this will be on Aug 12th. Most likely will not hold till then. Currently the trade is already in profit at $137.50 per contact since yesterday after close.
May take profit on Monday and then rebuild this - indeed this close to exp. The time decay is so high. Loving it. Don't know why I haven't always been doing this?! IV Rank is 30.9% on ES futures.
2850 would in hindsight been better - being at the bottom of the bollinger I actually would lower the short side of the trade to make a higher shaped bell curve which will result in a higher credit received to ironically minimize risk - if I were to stay in the position. So it may sound counter intuitive, but if it does go down, I will most likely lower the top side of my trade -to get that credit.
Love these trades - does not matter if the market goes up or down. I may have timed the market crash well, and I am still long BTC, but with leveraged instruments it is difficult to time every detail properly - so why bother right? Just get delta neutral and trade the range of the market instead.
GL friends. Be a market maker and add some liquidity to these speculators. :)
Oh, and get paid a ton passively for doing so!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.