Some updates on positions and greeks, w/analysis… I’m using the calculations I referred to in the last post.
SPX Double Diag - 1335 May/ 1315 June Puts, 1425 May/1455 June Calls 

RRDelta
1%

RRGamma
-1%

RRVega
27%

Delta/Theta = .17
1 Std Dev Move (12 points)
I’m not losing any money here, but not making any either. Will probably be a wash unless the market falls, and IV […]

Popularity: 20% [?]

Posted in Real Trades, Calendars, Double Diagonals, SPX, EEM, RTH 2 Comments »

How are your positions? My calendars are freaking fantastic.
I’m skipping the Greeks today, as I’m going to revamp the way I calculate them. Doing the 1-day Standard deviation move exercise a couple of days ago made some light bulbs go off - namely, that I’m still too-tied to raw greek numbers. A delta measurement on […]

Popularity: 18% [?]

Posted in Real Trades, Calendars, Double Diagonals, SPX, EEM, RTH No Comments »

Yesterday morning the market opened lower, and when I went to look at my positions, I noticed my SPY Iron Condor Calls were at about break even since the time I opened the trade, which means they had about 6% of my total margin still locked up, ready to be released before expiration. A nice […]

Popularity: 14% [?]

Posted in Real Trades, Trading Rules, Calendars, Double Diagonals, SPX, EEM, RTH No Comments »

 As I have been updating, my deltas were heavily negative the last few sessions. The payoff came today across the board, and I’ll go into detail below. In my last post I described how sometimes you can read some clear signs of market sentiment in liqiud options. It’s never a sure thing, but it worked […]

Popularity: 14% [?]

Posted in Real Trades, Iron Condors, Calendars, Double Diagonals, SPX, EEM, RTH 1 Comment »

Yesterday was a happy day… price movement compared with volatility increases handed me a significant profit to go from flat to up 4% for the calendar month of April. Every position was profitable. With a 2% spike today, I gave it all back. Still looking great for the month, but it would be much nicer […]

Popularity: 17% [?]

Posted in Real Trades, Iron Condors, Calendars, Double Diagonals, SPY, SPX, EEM, RTH No Comments »

Couple of new trades added beow (the SMH Calendar and SPX Double Diag.) Overall, nearly all of my positions are under water, but just barely.  Very large negative delta right now which I may need to adjust on sharp moves.
First my new trades…
SMH 30 May/June Calendar - the chart looked right for this one - historically […]

Popularity: 25% [?]

Posted in Real Trades, Iron Condors, Calendars, Double Diagonals, SPY, SPX, EEM, RTH, SMH No Comments »

This trade has been good to me - It is currently up 15% in the past 3 weeks, and is super safe. I do have a decision to make though… here is the risk graph, with lines showing P/L for next Monday, and next Wednesday:

Notice how on Monday, I stand to make additional gains from […]

Popularity: 14% [?]

Posted in Real Trades, Double Diagonals, SPY No Comments »