Basically, I am short the equivalent of 4% of a ES contract. I am nearly completely hedged, while enjoying time decay on my hedged option positions. I still have the potential to profit on a large move in either direction, especially in the shorter term to the upside or to the downside on a little longer term. Either way, this trade will be closed by the end of this week. I will post a screenshot of the payoff diagram on this trade in my journal tonight.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
Basically, I am short the equivalent of 4% of a ES contract. I am nearly completely hedged, while enjoying time decay on my hedged option positions. I still have the potential to profit on a large move in either direction, especially in the shorter term to the upside or to the downside on a little longer term. Either way, this trade will be closed by the end of this week. I will post a screenshot of the payoff diagram on this trade in my journal tonight.
Sl set @51.25 . thats it, leave it on auto trade. will check later.
oh I think I get it. IOW you don't have to be as right as I need to be?
buying es again 52.75
got to love the maths, they make $ no matter what
trgt 56
got to love the maths, they make $ no matter what
trgt 56
oh I think I get it. IOW you don't have to be as right as I need to be?
I currently allow myself discretionary delta of up to .30 in the form of either a under hedge or a over hedge.
Edit: My new strategy gives me more time to be right and can reduce negative scalps.
first loss of the day -1.75
will check @46.00 for more trade opportunities.
i thought u are going for the home run to 81.00buying es again 52.75
got to love the maths, they make $ no matter what
trgt 56
81?? never a trgt. cashed first trade just above 56 like I said would.
- Status