8.15.2023
inception price action
This is a DIRECTIONAL short trade with a target of capturing 80% of initial credit received.
This is a hedge against other delta-neutral strategies, and will continue to be entered with a 14/21 or 17/24 time spread.
This trade will only have one open trade at a time, and may be re-opened the same day after closure, as long as entry criteria remains in play - SPY < EMA(21).
This is trade #18 in this account for this year.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. This trade is an unbalanced diagonal spread.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 7 DIT (days in trade).
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
This trade also adds positive VEGA to an otherwise negative VEGA portfolio.
Happy Trading All!
-kevin
inception price action
This is a DIRECTIONAL short trade with a target of capturing 80% of initial credit received.
This is a hedge against other delta-neutral strategies, and will continue to be entered with a 14/21 or 17/24 time spread.
This trade will only have one open trade at a time, and may be re-opened the same day after closure, as long as entry criteria remains in play - SPY < EMA(21).
This is trade #18 in this account for this year.
This trade utilizes the power of extrinsic time decay of options, and follows strict entry/exit/adjusting criteria. This trade is an unbalanced diagonal spread.
The trade is managed via a "once a day" peek at the market, and will get automatically closed after 7 DIT (days in trade).
There are resting GTC (good til cancelled) orders on the server to attempt and target desired profit targets.
This trade also adds positive VEGA to an otherwise negative VEGA portfolio.
Happy Trading All!
-kevin
Trade closed: stop reached:
trade closed after giant bullish move