Same sizes, so if price falls then short straddle settlement will close the underlying short position. The idea is that UJ will be flat or down before or by the end of next week. We'll see. Premium recieved from short straddle is 104 pips. USDJPY price at the moment is 151.51 UJ chart attached. High probability trade. I know you love stops but this is a time stop because time is important here. So i won't close it before next friday regardless of price. Cheers.
Chart didn't make the post. Who knows, maybe it trends flat to down into next end of week opsexp? But here is a weekly chart showing many examples of consolidation for a few weeks only to be followed by trend continuation (though there are two reversals in the bunch). Doesn't mean that is what will happen coming up next week or two. Just that it does seem to do it a lot.
Oh yeah, it seems i forgot the chart. But it wasnt nothing special, just confirming the ebtry price. It's a very specific thing i'm gunning here that has a time component. Let's see if it works.
Short delta short gamma in USDJPY, what's your rational here for this trade? And which options did you trade exactly?
Which profit? You shorted it in 2022? Or your time horizon is minutes or hours or you are lying? Which one is it exactly?