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IncomeLab (Old)Participant
I’m going to try to exit this trade early.
IncomeLab Order Ticket Type Asset Duration Strike C/P STC SPX 31 OCT 17 2540 Call BTC SPX 31 OCT 17 2530 Call BTC SPX 31 OCT 17 2460 Put STC SPX 31 OCT 17 2450 Put Total Debit: $4.90 IncomeLab (Old)ParticipantI’m going to try this trade one more time. Right now 2390/2380 Bull Put showing .80c mid price, while 2580/2590 Bear Call showing .90c mid price. Total credit for this IC is around 1.70
If I dont get in this trade by the EOD I will look for a new entry in a different expiration cycle. 10NOV options have 53 days remaining.IncomeLab Order Ticket Type Asset Duration Strike C/P BTO SPX 10 NOV 17 2590 Call STO SPX 10 NOV 17 2580 Call STO SPX 10 NOV 17 2390 Put BTO SPX 10 NOV 17 2380 Put Total Credit: $1.70 IncomeLab (Old)ParticipantI’m adding Tier 3 to this trade with RUT trading around 1412
I’m buying 1340/1390/1420 put fly
IncomeLab Order Ticket Type Asset Duration Strike C/P BTO RUT 20 OCT 17 1420 Put STO X 2 RUT 20 OCT 17 1390 Put BTO RUT 20 OCT 17 1340 Put Total Debit: $2.00 P/L graph
Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantIn this LIVE Strategy Call we covered:
1. RUT 20OCT EIP
2. SPX 20OCT Iron FLY
2. New SPX ICBASE
IncomeLab (Old)ParticipantI’m going to take this trade off as I’m close to hitting my Profit Target.
I’m going to BUY TO CLOSE 2410/2450/2480 Iron Buttefly for 27.20
P/L graph
IncomeLab Order Ticket Type Asset Duration Strike C/P STC SPX 06 OCT 17 2480 Call BTC SPX 06 OCT 17 2450 Call BTC SPX 06 OCT 17 2450 Put STC SPX 06 OCT 17 2410 Put Total Debit: $27.20 Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantI’m taking this trade off here for a small gain
P/L graph
IncomeLab Order Ticket Type Asset Duration Strike C/P STC RUT 29 SEP 17 1450 Put BTC X 2 RUT 29 SEP 17 1400 Put STC RUT 29 SEP 17 1350 Put Total Credit: $19.00 Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantIt was cool 65 degrees today in NY, a little too cold to go to the beach. Instead, we spent an hour this afternoon going over our Open Positions and looked at any adjustments that we may need to make. Have a good long weekend everyone
IncomeLab (Old)ParticipantI moved my bid to .90c earlier today to enter Tier 2
IncomeLab Order Ticket Type Asset Duration Strike C/P BTO RUT 20 OCT 17 1400 Put STO X 2 RUT 20 OCT 17 1370 Put BTO RUT 20 OCT 17 1320 Put Total DEBIT: $0.90 IncomeLab (Old)ParticipantI’m going to take the rest of this trade off. I’m going to BUY TO CLOSE 2320/2310 put spread for .50c
IncomeLab Order Ticket Type Asset Duration Strike C/P BTC SPX 13 OCT 17 2320 Put STC SPX 13 OCT 17 2310 Put Total Debit: $0.50 IncomeLab (Old)ParticipantRUT trading above 1380 – which was the trigger for Tier 2 add.
We’re adding 1320/1370/1400 put butterfly
IncomeLab Order Ticket Type Asset Duration Strike C/P BTO RUT 20 OCT 17 1400 Put STO X 2 RUT 20 OCT 17 1370 Put BTO RUT 20 OCT 17 1320 Put Total DEBIT: $0.60 P/L graph
Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantWe’re going to close out this trade with 29 days to expiration.
IncomeLab Order Ticket Type Asset Duration Strike C/P STC SPX 29 SEP 17 2350 Put BTC SPX 29 SEP 17 2340 Put Total Debit: $0.50 – $0.60 P/L graph
Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantWe’re holding 2425/2415 Bull put spread and a 2425/2435 Bear put spread. We’re going to close out this trade in 2 steps:
1. We’re going to SELL TO CLOSE 2415/2425/2435 Put butterfly
2. We’re going to BUY TO CLOSE 2425/2415 Bull Put spread
This trade is showing a loss of about -10% ROR and was never down more than our MAL since we entered it.
P/L graph
Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantCurrent Open Positions
SPX 31AUG ICBASE
Trade Plan: We’re going to exit this trade this week. IF SPX trades higher, we’ll look to SELL TO CLOSE 2425/2435 put debit spread and BUY TO CLOSE 2425/2415 Bull Put spread. We’ll revisit this trade during our LIVE strategy call again.
SPX 29SEP ICBASE
Trade Plan: We’re holding a Bull Put spread and we’ll look to add a Bear Call spread IF SPX trades above 2460. On the downside, IF SPX starts to sell off we’ll look to cut NET delta using OTM options.
SPX 13OCT IC BASE
Trade Plan: This position is similar to 29SEP ICBASE and we’ll look to add another round of Bear Call spreads when SPX rallies and will defend it on the downside IF/WHEN SPX sells off and our short put delta reaches mid 20s.
SPX 06OCT Iron Fly
Trade Plan: We’re looking to make about 10% return on risk while willing to lose the same amount. On the downside, our stop is round 2390 and on the upside, we may roll 2480 call down to remove upside risk. We’ll run several scenarios during this week’s LIVE call.
RUT 29SEP EIP
Trade Plan: We’re holding Tier 1 against our stop loss and we’re looking to scale into this trade IF RUT rallies above 1420-1430. This trade has 33 days until expiration and with time running down, adding Tier 2 and Tier 3 will become more expensive. One potential way to manage this trade would be instead of adding Tier 3, we’ll move upper long puts closer to ATM and that will eliminate upside risk.
RUT 20OCT EIP
Trade Plan: We’re holding Tier 1 against our stop and we’re looking to scale in Tier 2 above 1380.SPX closed at 2443 last week and options were pricing in about 23 points in either direction at the end of the day on Friday. Upper end of that range for SPX is around 2466 and lower end is right around 2420. I am interested in a few levels for SPX. 1 – declining 20dMA and flattening 50dMA. If SPX manages to get above those averages we may see some more upside action, until then I think that a recent low is vulnerable.
Attachments:
You must be logged in to view attached files.IncomeLab (Old)ParticipantWe’re going to BUY TO CLOSE 2550/2560 Bear Call spread here.
IncomeLab Order Ticket Type Asset Duration Strike C/P STC SPX 13 OCT 17 2560 Call BTC SPX 13 OCT 17 2550 Call Total Debit: $0.30 P/L graph
NOTE: We’re going to re-sell another BCS IF/WHEN SPX trades 2450-2460.IncomeLab (Old)ParticipantSPX 31AUG ICBASE
Trade Plan: SPX traded below our short strike of 2425. We added a put spread to turn this position into an unbalanced put butterfly. We’re going to see which way the market moves next and will either remove 2425/2415 put spread (if SPX trades lower) or remove 2425/2435 put spread (if SPX trades higher). We’ll look at different scenarios during our Live Strategy call next week.
SPX 29SEP ICBASE
Trade Plan: We were able to buy back original call spread and that left us with a Bull Put spread. Even with SPX selling off last week and an increase in IV, this put shows a probability of success at around 78%. Short put is around 25 delta. If SPX rallies we’ll look to sell some call spreads (1/2 size). That will re-balance NET delta. If SPX sells off we can look to cut NET delta.
SPX 13OCT ICBASE
Trade Plan: This IC is holding up relatively well. 2550/2560 Bear Call traded around .30c late last week and we’re going to look to close that call spread next. On the downside, we’re going to make adjustments IF SPX trades around 2400. On the upside, we’ll look to re-enter another call spread IF SPX rallies.
RUT 29SEP EIP
Trade Plan: We’re holding T1 vs our stop out which is around 1345 on the downside. On the upside, IF RUT manages to rally, we’re going to scale into T2 and T3 according to plan.
SPX closed at 2425 on Friday and options that will expire this week on Fri were pricing in a range between 2460 and 2391.
Attachments:
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