Iron Fly on IWM

2 thg 11, 2016

Neutral Stance on IWM.

-2 16 Dec 16 IWM Iron Fly 108/115/115/112 @ 4.96 ($992)

Risk: 4.08 ($408)
Target: 2.50 ($250)

Breakevens and Profit zones in Green.

9 thg 11, 2016

Giao dịch đang hoạt động

Added a new Iron Fly here,

116/120/120/124 @ 3.13 to reduce some upside risk.

This new trade has a risk of .87 added to the entire position. Ideally IWM @ 115-119 is now going to be my sweet spot.

15 thg 11, 2016

Ghi chú

Closed the 108/115 put side for .15 debit. BE is reduced by .15.

16 thg 11, 2016

Ghi chú

I rolled up the short 115/122 call side for a loss and re-established a 131/134 call spread for 1.13 ($113).This roll was filled for a $11.92 debit (ouch!).

So I have a $361.30 realized loss with the other IRON FLY left and 2 call spreads.

New BE on the rolled call spread is 132.13.

16 thg 11, 2016

Giao dịch đang hoạt động

The 120 IRON FLY didn't feel very hot (although it was only down around $60), so I went ahead and left the put spread, but rolled the calls up for a $2.19 debit.

The new call spread is now the 131/135 for $1.10 credit (132.1 BE). I've realized around $168 loss on the original 116/120/120/124 Iron FLY so far, but I currently hold $105 profit in my put strike and have the opportunity to make another $110 in my call side.

All of this rolling is experimentation, so we'll see how it all ends up.

11 thg 12, 2016

Ghi chú

Closed this trade 12/9 for just under it's full loss. I don't see it moving down 5% percent in the next week.