Justification:
Directional Play: Dynamic short delta play. Capitalizing on high IV. Will look to the put side if the opportunity presents itself.
Technical: Above 61.8% retracement.
Fundamental: Fed cut rates; consumer fundamentals in a good place; goods trade deficit contracted; manufacturing business outlook recently rose to it's highest levels, but virus and future trade issues may cause a hit; housing market hot as home building permits rise to highest levels; world supply chains at risk due to this virus thing; global yields have generated massive inflows in passive indices that are heavily weighted towards a few stocks; insane speculation in the derivatives market.
If/Then:
Take profit? 50% of credit received
Where will you hedge? $3225
Strategy Details:
Short and Long leg: $3225, $3445
Short Leg Delta: 0.13
Duration: March 20
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Directional Play: Dynamic short delta play. Capitalizing on high IV. Will look to the put side if the opportunity presents itself.
Technical: Above 61.8% retracement.
Fundamental: Fed cut rates; consumer fundamentals in a good place; goods trade deficit contracted; manufacturing business outlook recently rose to it's highest levels, but virus and future trade issues may cause a hit; housing market hot as home building permits rise to highest levels; world supply chains at risk due to this virus thing; global yields have generated massive inflows in passive indices that are heavily weighted towards a few stocks; insane speculation in the derivatives market.
If/Then:
Take profit? 50% of credit received
Where will you hedge? $3225
Strategy Details:
Short and Long leg: $3225, $3445
Short Leg Delta: 0.13
Duration: March 20
Disclaimer:
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Trade closed manually
Closed at $0.90DB.
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
This page is where we look to share knowledge and keep track of trades. Feel free to comment if you have questions, concerns, or suggestions. Everyone can improve, so speak up if you see something wrong!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.