Opening (IRA): SPY March 24th 390/May 19th 434 LPD*

3 мар. 2023 г.

... for a 31.62 debit.

Comments: Re-establshing my short delta hedge in SPY against a long delta portfolio. Buying the back month -90 delta put and selling the front month +30 to give me around -60 delta of pro per contract.

As with my other short delta hedges in IWM and QQQ, will look to roll out the short option leg to keep my portfolio "net delta happy" as well as to maintain a break even at or around where the underlying is currently trading.

31.62 cost basis with a 402.38 break even on a 44 wide.

7 мар. 2023 г.

Сделка активна

Rolled the March 24th 390 to the March 31st 395 for a 1.80 credit toward the close. Cost basis of 29.82 with a 404.18 break even on a 39 wide. I rolled earlier here because the one thing I hate is to put these on, only to have the underlying immediately rip higher through my initial break even. I had an order to roll the short put aspect of my QQQ long put diagonal, too, but that didn't fill, so we'll have another go at that one tomorrow.

10 мар. 2023 г.

Сделка активна

Closed for a 33.56 debit, 3.74 ($374.00) profit. Will reset here shortly.