Not much to report. All the trades are sitting comfortably, we’re in a range that isn’t affecting much per say. I’ve got Dec and Nov expiries on and profits are rolling in. Great few months. <\/p>\n
NOV:<\/strong> For SPX I have 2040\/2120\/2180s <\/p>\n DEC:<\/strong> For SPX I have 2020\/2100\/2160s<\/p>\n I am approaching the need to RH the upper longs for both trades but I will wait till tomorrow since its reduced volume today re Columbus day. <\/p>\n I’ve been backtesting a longer variant of the SPX Rhino (80\/60 wings) where I start 88 DTE and end before 31 DTE. I reduce the planned capital by half or in other words, accept a 5% return on the original planned capital of 25k for 3 units. The results were very good so far. The trade is easier to manage both on the upside and downside though quite boring \ud83d\ude42<\/p>\n I’ve also been looking at uneven condors as adjustments (sell and buy volatility when skew is favourable for either). I like how Jim Riggio approaches this. When volatility is low, and skew steep, I might enter a symmetrical butterfly with a long call (buying cheap iv) and convert it to BWB when vol gets higher on a large down move. <\/p>\n As for the market, I have not the foggiest where things will go but bonds should be putting some pressure on the SPX especially if we clear 1.75. I still see a small correction to the 2040 area before making ATHs for end of year baring no surprises re Trump. <\/p>\n","protected":false},"excerpt":{"rendered":"
\nFor RUT I have 1150\/1200\/1240s<\/p>\n
\nFor RUT I have a mix of 1140\/1190\/1230, 1150\/1200\/1240 and 1160\/1210\/1250s<\/p>\n