Notes: A continuation of my troubled SPY short straddle trade (See Post Below), I've been attempting to continuously delta hedge the short straddle in place in an attempt to exit the trade profitably (after goofing around with it way too much) or at least for a scratch out. It's probably more work than it's worth, but functions as a good engagement trade while I'm not doing a ton of other things here.
Updating the post so that you can see all the strikes at once. Scratch at 69.44.
Comment
I would note that premium in the September expiry is becoming "nominal." The at-the-money short straddle is paying 32.09 versus 319.86, so may have to go out to October on future hedges to get paid.
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