I am curious how the math works out on this ... I am not even sure where to start as I've tried to think through several scenarios and they don't come out even close ... First $ column is p/l open and the next one is p/l day Here is the details when I click into so I know the actual p/l easier ... Any help is greatly appreciated!! Thanks!
Not sure if this is what you are wanting but here goes. You are currently losing on your longs and winning on the short legs. For a net of -$3.10. Not sure why the open positions add up to +6. The second numbers work something like this: (At SPY close) 0.20 cost, minus 0.13 bid, times 5, times 100, minus commission = -$36. You are losing $36 on the 292.5 puts.
I get a kick out of some of these..... Okay, here's what I've got: • you had a rotten 5-lot of short iron condors, you were getting killed on the top side. (3015 short, going at Oct25...) • yesterday's/overnight drop has nearly got you back to positive, with your loss reduced to -$3.10 overall, having gained $50 yesterday. • the S&P drop produced a $45 gain on top, while only producing a $5 gain[!] on bottom, hello skew. When gamma gets to 1/10th of delta, things get "interesting." That screenshot suggests that position has a gamma/delta of about 5/10ths. So, eh, good luck with that. A 1% day puts those calls ITM.
Ya they are getting close to being ITM ... At the moment I'm about $60 green out of a max $155 profit. I'll probably be closing tonight when I get home.