Here’s the risk profile of a current ATM trade that represents about 1MM in planned capital (for my use). It’s 100 1620/1580/1530s and 100 1600/1560/1510 butterflies. Fully scaled in. I’ll adjust on the upside when delta hits -250 or so and will roll the butterfly down if we exceed short strike by 30 points.
Pretty much all I have on re options trades right now. Waiting for entries. The LTI portfolio is fully entered for the month so I wait until next to rebalance.