donnap what is the current ES position...I'm assuming you bought the 90 put so you legged into a sort of fly?
Yeah, market is/was so fast I stopped posting. Scalping YM. I finished the Oct. 17 position. +1 1890/-2 1870/+1 1860/-1 1850/+1 1840 all puts. Bulletproof. I started legging into Oct. 24 put positions. +1 1850/-2 1830/ -2 1800 and trying to buy the 1810. Then there was a big problem with SPAN and I couldn't get an order in for Oct.24. TWS couldn't value some contracts and rejected orders. Then the market started dropping like a rock and sold the Oct. 17 1890C for a weak hedge. Not what I wanted and costly. That has never happened to me before. Just goes to show shit happens. I got a ticket with IB We'll see. Things are OK now and Oct.24 put looks like +1 1850/-2 1830/ +1 1810/ -2 1800. Still short the Oct.17 1890C. Next trade short YM, but not for a while. And still working on the Oct.24 put side - get it hedged.
The Oct. 17 position was completed during yesterday's AM rally. Gross credit 8.25 or 412.50. Good trading. I bought the Oct.24 1810 at a disadvantage. The Oct.24 puts are in for a credit with the short Oct.17 1890C as part of the downside hedge. I didn't really want to trade calls but had to improvise when TWS started rejecting orders.
So just bought an Oct24 1790P for 5.25. I'll try to get the numbers up for the Oct24 spread, if I can get it straightened out. The call is at a loss as I sold it for only 9.25.
out 16347. That's why I can't post those. I was already up 10pts. when I posted the entry. Too slow here.
So if we get a decent pullback here, I'll buy back the 1890 call and possibly complete the Oct.24 spread. The spreads without the call are decent as they stand, but capping risk is always wise (telling that to myself KISS)