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Delta Neutral on $SPX using /ES Future's OptionsIn a delta neutral again - so far aside from one game my broker played I have been batting 1000 playing these SHORT ICs. so why not continue? Current Trade: Buy 2880 P Sell 2885 P Sell 2980 C Buy 2985 C Theta is going to be picking up big time in this trade as we are 3 days from expiration - this will be on Aug 12th. Most likely will not hold till then. Currently the trade is already in profit at $137.50 per contact since yesterday after close. May take profit on Monday and then rebuild this - indeed this close to exp. The time decay is so high. Loving it. Don't know why I haven't always been doing this?! IV Rank is 30.9% on ES futures. 2850 would in hindsight been better - being at the bottom of the bollinger I actually would lower the short side of the trade to make a higher shaped bell curve which will result in a higher credit received to ironically minimize risk - if I were to stay in the position. So it may sound counter intuitive, but if it does go down, I will most likely lower the top side of my trade -to get that credit. Love these trades - does not matter if the market goes up or down. I may have timed the market crash well, and I am still long BTC, but with leveraged instruments it is difficult to time every detail properly - so why bother right? Just get delta neutral and trade the range of the market instead. GL friends. Be a market maker and add some liquidity to these speculators. :) Oh, and get paid a ton passively for doing so!
OANDA:SPX500USD
by ZenMode
#SPY $SPX #Futures #DELTA Delta neutral trade on SPX futures right now. Volatility is high enough that it yields enough money putting short Iron condors on the SPX. I am using futures for this trade. The crazy part about this trade is I have great probability of profit of 77%!!! and I only have to be correct for two days with this trade. Currently it is already green. I love these deta neutral trades because it is low risk, and there is NO emotion as there is no direction it needs to go for you to make money. Just got's to go sideways. As long as it is in this range we make money. Statistically it should! With volatility this high $$$ - option premium is a great way to make money. So let's start selling that theta folks!! So with Aug 9th exp I put on the following trade: Purchase 2800 Put /ES Futures Sold to open 2810 Put /ES Futures Sold to open 2950 Call /ES Futures Purchase 2960 Call /ES Futures I feel like I am just printing money over here!! #EasyMoney The days of trading with high delta's is largely gone for me.
OANDA:SPX500USD
by ZenMode