{"id":1257,"date":"2016-03-11T16:13:18","date_gmt":"2016-03-11T16:13:18","guid":{"rendered":"http:\/\/www.travelsandtrades.com\/?p=1257"},"modified":"2016-03-11T16:13:18","modified_gmt":"2016-03-11T16:13:18","slug":"mar-11-april-trade","status":"publish","type":"post","link":"https:\/\/www.travelsandtrades.com\/?p=1257","title":{"rendered":"Mar 11 -April Trade"},"content":{"rendered":"<p>We have 37 DTE and the trade is sitting way outside the main tent. I&#8217;ve built up a tent on the call side that helps but the risk vs rewards here are starting to get unattractive. I&#8217;d have a much much better T+0 in a May trade. That said, I think as the market gyrates through the next week, I&#8217;ll adjust by removing large portions of the trade and getting the risk profile more attractive to conclude the month. It may mean we won&#8217;t recover everything in April trade but we will make up for it in a solid May trade (with the capital we would have had in April). <\/p>\n<p>The worst of three is posted below. I have a strong theta, but any move up will hurt and all my profit zone is 6% lower in the tent which is not likely with the fed meeting coming up (things will likely range until then).  So I just can&#8217;t see much odds for a recovery in this trade vs just unwinding it to a more attractive smaller position and move those funds into a May trade.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png\" rel=\"attachment wp-att-1258\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?resize=660%2C315\" alt=\"Screen Shot 2016-03-11 at 9.00.33 AM\" width=\"660\" height=\"315\" class=\"aligncenter size-full wp-image-1258\" srcset=\"https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?w=1797&amp;ssl=1 1797w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?resize=300%2C143&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?resize=768%2C367&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?resize=1024%2C489&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.travelsandtrades.com\/wp-content\/uploads\/2016\/03\/Screen-Shot-2016-03-11-at-9.00.33-AM.png?w=1320 1320w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>We have 37 DTE and the trade is sitting way outside the main tent. I&#8217;ve built up a tent on the call side that helps but the risk vs rewards here are starting to get unattractive. I&#8217;d have a much much better T+0 in a May trade. That said, I think as the market gyrates &hellip; <a href=\"https:\/\/www.travelsandtrades.com\/?p=1257\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Mar 11 -April Trade<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[26,36,28,29,25,33,31,32],"class_list":["post-1257","post","type-post","status-publish","format-standard","hentry","category-trades","tag-bearish-butterfly","tag-broken-wing-butterfly","tag-john-locke-m3","tag-john-locke-rock-trade","tag-m3","tag-rhino-m3","tag-rhino-m3-trade","tag-rhino-trade"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5IMbd-kh","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1257"}],"version-history":[{"count":1,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1257\/revisions"}],"predecessor-version":[{"id":1259,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=\/wp\/v2\/posts\/1257\/revisions\/1259"}],"wp:attachment":[{"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.travelsandtrades.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}