Theta Machine - 12/07/2022
THETA MACHINE UPDATE
No New Trades Today
I want VIX and IV to go higher so we can collect extra premium...if not tomorrow, by Friday I will increase the cost basis to +500, and Theta will be around 150/day.
Overall POP = 84%
POP = Probability of Profit
*Next Week volatility can spike as we will have CPI (Dec 12) and FED (Dec 13).
With that said, I will probably hedge with Micro Futures.
*Quick TIP if you want to hedge your portfolio>
+50 Delta = 1 /MES (Micro)
+500 Delta = 1 /ES (Mini)
My Delta Beta Weight now is around 100, so In order to hedge I need to Sell 2 Micro Futures (2x /MES)
No New Trades Today
I want VIX and IV to go higher so we can collect extra premium...if not tomorrow, by Friday I will increase the cost basis to +500, and Theta will be around 150/day.
Overall POP = 84%
POP = Probability of Profit
*Next Week volatility can spike as we will have CPI (Dec 12) and FED (Dec 13).
With that said, I will probably hedge with Micro Futures.
*Quick TIP if you want to hedge your portfolio>
+50 Delta = 1 /MES (Micro)
+500 Delta = 1 /ES (Mini)
My Delta Beta Weight now is around 100, so In order to hedge I need to Sell 2 Micro Futures (2x /MES)
Options & Futures Trader
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