Wednesday, October 21, 2015

Added Verticals to November Position


       On Monday, I had to adjust my position because of too much negative Delta. I put on two verticals at 1120 (buy) and 1130 (sell) and was able to increase the Delta value to above -50, following the rules of the M3. As of today, I am at a profit of $1,061 and my Greeks are: Delta is -24.37, Gamma is only -0.24, Theta is 148.2 and Vega is -318. The position is 30 days until expiration so I am in no hurry to take the position out, especially since my t + 0 line have a nice, flat line.

This is what the position looked like after the verticals were added:


This is the risk profile of the graph today:


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