Not too much to report today. I had a GTC order to buy back my WMT iron condor and it got filled right away this morning for a +14.9% profit in 18 days.
Most all my other trades are are fighting tooth and nail to be profitable. TEVA is hanging around my max loss (-21%) with nearly zero delta. I tried unwinding the trade again today, but the MM's didn't want to fill me at mid prices. There's some decent probabilities of getting back to breakeven on this trade, but it will take nearly all of the next two weeks to do so. My COST butterfly is flat (+3%) but is perfectly centered with low deltas. I just leave that positive theta flowing in. I've previously mentioned that I didn't like my RUT low prob curve with only the call credit spreads left on, so I did something silly...I sold a 480-490 put spread to cut my short deltas to nearly neutral.
Up next week is my "normal" ~36 day RUT high prob iron condor. Maybe a good time to do a double diagonal or two. The bad news is that most underlyings don't have August options out yet, and I don't want to do a July-Sept DD. A good looking candidate is MNX, so I'll look into that closer next week.
Have a good weekend.
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I am in a mnx dd diag. Jul/Sept kind of experimenting and see how best use the extra AUG month.
ReplyDeleteWith portfolio Margin it is not prohibative to roll the puts while the call still hanging in JUL.
I will keep u posted