Opening (IRA): IWM March 10th 182/April 21st 204 LPD*

Feb 24, 2023

... for a 16.20 debit.

Comments: Re-erecting my short delta hedge in IWM after taking off my earlier setup in profit. Back the -90 delta put in the back and selling the 30 delta put in the front. 16.20 cost basis with a 187.50 break even on a 22 wide.

* -- Long Put Diagonal.

Feb 24, 2023

Note

I meant to buy the May here. My typical Friday scramble "oopsie." I'll took at fixing that next week or just leave it alone. -60 delta is -60 delta, after all.

Feb 28, 2023

Trade active

Rolled the March 10th 182 out to the March 17th 182 for a .74 credit at the open. 15.46 cost basis with a 188.54 break even on a 22 wide. Basically trying to keep my break even at or above where IWM is currently trading while simultaneously trying to keep the setup at -60 delta/contract or so. IWM finished the day at 188.14, so this roll basically "did the trick."

Mar 3, 2023

Trade active

The Force ... is strong with this one. Rolled the March 17th 182 to the March 24th 183 for a 1.02 credit. 14.44 cost basis with a 189.56 break even on a 21 wide.

Mar 7, 2023

Trade active

Rolled the March 24th 183 to April 6th 188 for a 1.95 credit at the open. 12.49 cost basis with a 191.51 break even on a 16 wide.

Mar 10, 2023

Trade active

Closed here for a 14.22 debit; 1.73 ($173) profit. Will reset here shortly ... .