OPENING: EWZ DEC 16TH 30.5/33.5/33.5/37 IRON FLY

29 thg 11, 2016

Going short duration here because I can't find liquidity in the weeklies for the setup and don't really want to go out to Jan.

Metrics:

Probability of Profit: 45%
Max Profit: 187/contract
Max Loss: 163/contract
Break Evens: 31.63/35.37

Notes: As with a short straddle, I'll look to manage this at 25% of max profit.

29 thg 11, 2016

Ghi chú

Chased this a bit. Filled for 1.81 credit.

6 thg 12, 2016

Ghi chú

Forgot to post this step: on 12/1, I rolled the 30.5 long put to the 28.5 long put (same expiry) for a .50 credit to lock in the gain experienced by the long put by the down move, as well as improve my put side break even ... . The scratch point is now 1.81+.50 - .10 (fees/comms) or 2.21. Still shooting for my original "take profit" here ... .

6 thg 12, 2016

Giao dịch được đóng thủ công

With 10 DTE, covering here for a 1.79 db. Opened for 1.81 credit; .50 in credit for rolls = total credit of 2.31, so gross profit of 2.31-1.79=.52 ($52). After fees/comms, $37, so a small winner.