OPENING: QQQ JAN 17TH 154/160/2 X 213/2 X 216 IRON CONDOR
Going QQQ "double double" in the smaller accounts ("doubly" wide on the put side as the call, double the contracts on the call side to accommodate skew), 16 delta put side, 8 delta call side. Set up in the expiry in which the at the money short straddle is paying greater than 10% the value of the underlying ... .
Metrics:
Max Profit: $113/setup ($56 at 50% max)
Max Loss/ROC at 50% Max: $487/setup; 11.5% ROC at 50% max
Break Evens: 158.87/213.57
Delta/Theta: -.93/.84
Notes: Will look to take profit at 50% max, adjust on side test/side approaching worthless ... .
Metrics:
Max Profit: $113/setup ($56 at 50% max)
Max Loss/ROC at 50% Max: $487/setup; 11.5% ROC at 50% max
Break Evens: 158.87/213.57
Delta/Theta: -.93/.84
Notes: Will look to take profit at 50% max, adjust on side test/side approaching worthless ... .
Комментарий:
Near September opex check: Neither side approaching worthless nor tested, so no adjustments. The price of the setup hasn't moved much -- currently 1.05 at the mid versus 1.13 fill.
Сделка закрыта вручную:
Closing here for .68/.45 ($45) profit, 40% max.