01.16.2024
3rd official trade of 2024 executed. This trade is the next element deployed in a campaign of 5 max positions for ESU2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry today at 157 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
Happy Trading All!
-kevin
3rd official trade of 2024 executed. This trade is the next element deployed in a campaign of 5 max positions for ESU2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry today at 157 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
Happy Trading All!
-kevin
Trade closed manually:
2.15.2024
Closed, moved to PM account.
Closed, moved to PM account.