SPX 31AUG ICBASE
Trade Plan: We’re looking to BUY TO CLOSE 2510/2520 Bear Call spread for 0.40c or less while holding the 2425/2415 Bull Put spread against our stop. We may adjust our bull put spread by rolling it down to 2390/2380.
SPX 29SPX ICBASE
Trade Plan: This trade is fine for now and we’ll make adjustments IF/WHEN we start to slide down the T+0 line. We’ll get into details about this trade in IncomeLab LIVE call this week, but for now we’ll stick to the plan.
SPX 11SEP Put Butterfly
Trade Plan: We entered this trade fading the move lower, and the plan is to risk 1 to make 1. We wont make any adjustemts and IF/WHEN we get to 2370 we’ll stop out.
RUT 29SEP EIP
Trade Plan: We’re going to hold this position agaisnt our stop loss or we’ll scale into Tier 2 with RUT above 1450. We rolled up 1430 put to 1450 put to reduce overall NET delta and give us a chance to adjust IF RUT was going to trade higher.