Adam's Vol Edge Trading Journal

Yeah, pure luck to see this a couple hours late haha. Went with wider IC so I wouldn't get dragged short as easily. Less gamma / $ risk though. Going to see how this reacts to 2200; premise still seems good but definitely a touchy spot.

 

Ok, thanks.

 

Out, -1.00. Back to the drawing board.

 

Can't teach an old dog new tricks...

SPXW Apr17 2700/2800/3000 231 Iron Fly from 96.00 risk (104 cr)

 

I also like this trade ...

SPXW Apr17 2740/2745/2915/2925 Asymmetrical Iron Condor @ -3.90 credit

 

To be clear. I am in the fly (2-lot), not the IC.

 

Spooz is almost 2850 and fly is still up. So, there...

 

This looks good. The only slight concern is if the SPX opens up another 50 points tomorrow - how would you adjust in that situation? Move the put side up?

Also, out of curiosity, why not just go for the 2750-2740 1-lot put, rather than the current 2740-2745 2-lots? This gives a similar P/L graph.

 

I will be out of this trade if spx >=2900. I'll have to look at the other structure later.

 

Out of this, for 100