Opening (IRA): SPY Feb 24th/April 21st 397.5/440 LPD*
... for a 31.16 debit.
Comments: Short delta hedge against a long delta portfolio ... . Buying the -90 put in the back month and selling the +30 short in the front. 31.16 cost basis with a 408.84 break even on a 42.50 wide. As with my other short delta hedges, will look to roll the short option aspect out in time to reduce cost basis.
Comments: Short delta hedge against a long delta portfolio ... . Buying the -90 put in the back month and selling the +30 short in the front. 31.16 cost basis with a 408.84 break even on a 42.50 wide. As with my other short delta hedges, will look to roll the short option aspect out in time to reduce cost basis.
Trade ativo:
Rolled the Feb 24th 397.5 to the March 10th 399 for a 2.38 credit. 28.78 cost basis with a 411.20 break even on a 41 wide. Trying to keep the position at around -60 delta.
Trade ativo:
Taking profit here ... . Closed for 31.27 credit. 31.27 - 28.78 = 2.49 ($249) profit.