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M

morganpbrown

SPY Short iron condor expiring Dec 17 with $5 wide wings; nearly an iron butterfly. directional assumption: flat to slightly down

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mildly short vega/delta. long theta. gamma-neutral.
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qlai said:
Hi, is there a trade management on these plays?
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I don't believe I will manage the iron condors or the calendar spread. I will probably close at 10-15 DTE, or if the underlying makes a big move in either direction.

I do like to manage diagonals by rolling the short leg, and may do so on this one.

But, I'm open to suggestions!
 
Trade 5: Bear Call credit spread on SPY, 23 DTE. Short vega - expecting IV to calm down after today's spike (VIX to 19), so if SPY rises and vol drops, I will be somewhat protected. If SPY keeps falling & vol rises, I am strongly short delta, so I still win.

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carteblanche said:
You have done this in python ? nice work and a good read , thanks for sharing
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No, google sheets. However, I implemented a black scholars tool using google apps script, kind of like Visual Basic for excel. However, apps script is just JavaScript.

Thanks for the feedback. I will exit some of these trades soon
 
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