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Monthly Archives: October 2022
Selling High Buying Low
[responsivevoice_button rate=”0.9″ pitch=”0.5″ volume=”0.8″ voice=”US English Female” buttontext=”Play”]Here’s a trade from last week. It consisted of two credit spreads. One was a put spread, the other was a call spread The strikes for each spread were 1 dollar wide. I … Continue reading
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Profit and Risk
[responsivevoice_button rate=”0.9″ pitch=”0.5″ volume=”0.8″ voice=”US English Female” buttontext=”Play”]The box spread SPY written about in yesterday’s post has expired. SPY closed at $362.79. The call side of the spread expired OTM and the put expired ITM. We had received a combined … Continue reading
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Risk-Free Profit or Disaster?
[responsivevoice_button rate=”0.9″ pitch=”0.5″ volume=”0.8″ voice=”US English Female” buttontext=”Play”]Below are orders for two vertical spreads on SPY that I submitted yesterday: When these orders were submitted, SPY ranged between 375 and 378. The P/L profiles for each of these orders is … Continue reading
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Stretching Your (Iron Condor) Wings
[responsivevoice_button rate=”0.9″ pitch=”0.5″ volume=”0.8″ voice=”US English Female” buttontext=”Play”]We’ve been experimenting with SPX 0DTE iron condors (ICs) for a while with mixed success. To improve the performance of our trades, we’ve considered opening them during later trading hours, when the markets … Continue reading
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A Surprising Win
[responsivevoice_button rate=”0.9″ pitch=”0.5″ volume=”0.8″ voice=”US English Female” buttontext=”Play”] Yesterday’s trades provided a too-good-to-be-true profit. Today we’ll take a close look at what happened. Our trading activity was complicated. It involved three vertical credit spreads. We’ll look at them and see … Continue reading
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