Opening (IRA): GDX Oct 18th 32/37/37/42 Iron Fly

4 ก.ย.

... for a 2.66 credit.

Comments: High IVR/High IV (59.8/35.2). Some more "little stuff" in that 45 DTE wheelhouse while I wait for other things to come in or require management.

Metrics:

Max Profit: 2.66
Buying Power Effect: 2.34
ROC at Max: 113.68%
25% Max: .67
ROC at 25% Max: 25.19%

13 ก.ย.

การซื้อขายยังคงดำเนินอยู่

Inverting here by rolling the -37P/42C to the -39P/45C for a 1.11 credit. Total credits collected of 3.77 on a two-wide inversion (implying that I can invert another strike, but I probably won't get paid much to do that). Conversely, will look to uninvert the short strangle body if we get a move back sub-39.

18 ก.ย.

การซื้อขายยังคงดำเนินอยู่

Uninverted the short strangle body from the -37C/-39P to the -37P/-39C for a 2.04 debit (you always lose a little bit to the spread). 1.73 net credits collected; 37.27/40.73 break evens. The resulting setup is a 32P/-37P/-39C/45C iron condor.

19 ก.ย.

การซื้อขายยังคงดำเนินอยู่

Rolling the 32/37 short put vertical up to the 34/39 for a .55 credit. 2.28 net credits.

26 ก.ย.

ปิดการเทรด ด้วยตนเอง

With 22 days to go, closed today for a 2.98 debit; .70 ($70) loser. Not a good month to be anything but bullish assumption gold (and gold-related underlyings like GDX/GDXJ).