Shared by
walden
Initially I entered into an iron butterfly position at 10:27am as I believe the market will got sideway. As SPX about to breakout, I closed the position and switch to 4535/4545 call spread. Made some money.
What I did Right: Spot the potential breakout from day high and changed into a bull call spread.
Where I could improve: Closed out the trade too early. Impatient. Can hang on a bit longer to easily get 150 dollars profit.
Trade grade: C
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2023-07-18 10:27:51 | JUL18 23 4520 PUT | sell | $2.900 | short |
| 2023-07-18 10:27:51 | JUL18 23 4530 PUT | buy | $6.800 | long |
| 2023-07-18 10:33:02 | JUL18 23 4520 PUT | buy | $2.560 | 0 |
| 2023-07-18 10:33:02 | JUL18 23 4530 PUT | sell | $6.310 | 0 |
| 2023-07-18 10:46:56 | JUL18 23 4535 CALL | buy | $6.220 | long |
| 2023-07-18 10:46:56 | JUL18 23 4545 CALL | sell | $2.270 | short |
| 2023-07-18 11:03:51 | JUL18 23 4535 CALL | sell | $7.560 | 0 |
| 2023-07-18 11:03:51 | JUL18 23 4545 CALL | buy | $2.960 | 0 |
Displaying SPY as a proxy symbol.
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