Another 7 DTE on SPX opened today
Updated
The legs: -5140 +5130 / -5395 +5405 Jun 11th
New position is marked with the yellow lines, atm I still have open an SPX 7 DTE which I have now rolled twice and if price ends up within the confines of the first Iron Condor, that would be a break even trade.
New trade details:
Premium: $115
Fees: $7.13
Premium - Fees: $107.87
Capital allocated: $892.13
% gain on investment: 12.09%
New position is marked with the yellow lines, atm I still have open an SPX 7 DTE which I have now rolled twice and if price ends up within the confines of the first Iron Condor, that would be a break even trade.
New trade details:
Premium: $115
Fees: $7.13
Premium - Fees: $107.87
Capital allocated: $892.13
% gain on investment: 12.09%
Note
My Call side is at a 27 delta atm, yellow zone, not yet red zone, still have 5 days to go.I charted out where my Roll Up and Roll Away would end up:
I'd make just $35 on this adjustment, but based on the technicals, I'm leaning on a pull back now, so will hold on making any adjustments atm.
Will check back 2nd half of the day and again tomorrow to see where we are.
Note
^ Yellow Lines are is the position, and purple lines represent where my Adjustment would land if I executed.Note
Closed early to lock in 8%
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