1. Sell new top (0.5-1SD) top ATM 30-45 DTE straddle;
2. Buy 1-2 strike OTM PUT for downside protection;
3. Take 30% of max profit.
4. Roll if unprofitable.
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9/9/16 + 5 points
Exec Time | Spread | Side | Qty | Pos Effect | Symbol | Exp | Strike | Type | Price | Net Price |
9/9/2016 9:37 | CUSTOM | BUY | 1 | TO CLOSE | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2165 | CALL | 32.5 | 48 |
BUY | 1 | TO CLOSE | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2165 | PUT | 42 | DEBIT | ||
SELL | -1 | TO CLOSE | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2115 | PUT | 26.5 |
It is not a new top. Rather it is around the recent all-time top.
Exec Time | Spread | Side | Qty | Pos Effect | Symbol | Exp | Strike | Type | Price | Net Price |
9/1/2016 21:50 | CUSTOM | SELL | -1 | TO OPEN | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2165 | CALL | 37.75 | 53.25 |
SELL | -1 | TO OPEN | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2165 | PUT | 44.25 | CREDIT | ||
BUY | 1 | TO OPEN | /ESZ6 1/50 OCT 16 (EOM) | /EWV6 | 2115 | PUT | 28.75 |
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3/18/16-8/31/16 + 42 points ($2300.00)
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