Trade Discussion

IncomeLab Forum Forums Income Lab Trade Discussion

This topic contains 164 replies, has 18 voices, and was last updated by  Igor 3 years, 1 month ago.

Viewing 15 posts - 1 through 15 (of 165 total)
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  • #4976

    Igor
    Keymaster

    This was the IC I was talking about in chat; no adjustment yet. I see Delta is @ 18 and i have the adjustment point @ 2030 for the time being.

    I still have my puts at around 0.35. might be a bit late for a greedy roll?

    #4973

    Igor
    Keymaster

    Hey Igor

    Nice to see you here. i have floated sell -2 of the above..
    about to get flight so will check if i get filled tomorrow.

    #4978

    Igor
    Keymaster

    APR4 IC is 39 days until expiration, short strike’s delta on the call side is around 18 so I haven’t adjusted the upside yet. I think rolling up puts to a new strike with delta around 11 makes sense.

    #4980

    Igor
    Keymaster

    New Iron Condor (SPX MAY2) is 60 days out. I want to be in sometime between now and 50 days until expiration, so I have time to get in. The important part is IF SPX was to move 30 pts in either direction overnight, I will adjust my short strikes accordingly. DO NOT offer the same IC if SPX moves big. The idea is that I’m looking to sell both bull put and bear call with a short strike’s delta around 10 and I’m looking for around 1.80 credit for this trade.

    #4984

    Igor
    Keymaster

    SPX is around 2006 (-13.35). I am going to change the strikes for my SPX MAY2 Iron Condor to:

    Bull Put: 1800/1790
    Bear Call: 2130/2140

    Looking for 1.80 credit

    #4988

    Igor
    Keymaster

    also adjusted my strikes didn’t get filled yesterday. floating -2 same as above.

    For the SPX APR4 IC i offloaded my puts @0.35 but didnt get filled on new delta 11s
    today i just floated 1850/1840 delta 12 for 0.8.

    #4989

    Igor
    Keymaster

    regarding the number of positions. What is your max allowed loss? 1.5 x max credit. That implies a loss of 2700 which is ~6.75% of the portfolio. (rolling will mitigate this) ..

    #4990

    Igor
    Keymaster

    Max allowable loss shouldn’t be much more than total credit received. Now can it exceed that? Sure, but for me, if a trade is down 1.3X credit – I will stop fighting it and let it go.

    #4991

    Igor
    Keymaster

    just noticed the Apr4 SPX IC Adjustment yesterday. The short call is now 15 so I feel I dont need to do this call hedg at least till back to delta 20 on short call?

    I also have floated out new put side @ 1850.. if i dont get filled then perhaps the call is a good idea regardless.

    #4992

    Igor
    Keymaster

    Hey Igor, I just got filled on the MAY2 IC. You shared previously some XLS spreadsheets, one to track performance, another to show when it makes sense to take off earlier the position (if you can get a certain amount of credit). Where do I find them?

    #4993

    Igor
    Keymaster

    If you’re in front of your screen then yeah, you can wait for the mkt to make a move.

    #4994

    Igor
    Keymaster

    @Andras – Performance sheet will be on the up on this site shortly, Optimal Management cheatsheet is HERE. Keep in mind, this applies to naked strangles.

    #5003

    Igor
    Keymaster

    Igor – Can you explain a little bit how this service works. Do you send out an email when there is a new trade? How do we know if you get filled on a particular trade. Given that there is no chat then the only way to know if something new happens is to keep hitting refresh on the forum or is there some other way to know? Thanks

    #5005

    Igor
    Keymaster

    Just filled on SPX May2 1790/1800/2140/2130 @ 1.8

    #5006

    Igor
    Keymaster

    Hey Roger! Trade entry/adjustments/exits will be sent out via email. Potential adjustments, what ifs, fills and other stuff will be discussed in this thread. Once you check off the option “Notify me of follow-up replies via email” in Trade Discussion you will get an email with details. Hope this clears it up a bit.

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