Updated

Another 7 DTE on SPX opened today

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%

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%

leongaban

Crypto Investor & Speculator / Options Trader, Brave Money Podcast
Training Options Trading with the Dorian Trader community: doriantrader.com/?aff=bravemoney

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leongaban

Crypto Investor & Speculator / Options Trader, Brave Money Podcast
Training Options Trading with the Dorian Trader community: doriantrader.com/?aff=bravemoney

Also on: