Shared by
kerobo0000
-position hedge for RUT bearish butterfly
2019-01-18 20:35:01
-this hedge is turning into an overall bullish position given how strong market has been driving and i've been taking too much heat on RUT butterflies
-have now sold 134 calls to reduce risk on 133 calls; and sold 138 calls to reduce risk on 137 calls so there is no risk at all in the position
2019-01-23 21:12:05
-yesterday took the 133/134 call spread off since delta was approaching 90 and market was showing weakness
2019-02-05 20:11:42
-took off the 137/138 call spread and closed the position completely out
-tried to leg out of the position - I gave up about 40-50 dollars since I took the short call off first and price immediately began to lose momentum
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-01-09 10:16:19 | FEB15 19 133 CALL | buy | $11.150 | long |
| 2019-01-09 10:53:35 | FEB15 19 133 CALL | sell | $10.600 | 0 |
| 2019-01-09 14:09:01 | FEB15 19 133 CALL | buy | $11.390 | long |
| 2019-01-09 14:12:15 | FEB15 19 133 CALL | buy | $11.370 | long |
| 2019-01-10 14:18:25 | FEB15 19 133 CALL | sell | $11.710 | long |
| 2019-01-16 10:28:21 | FEB15 19 137 CALL | buy | $8.800 | long |
| 2019-01-16 11:05:28 | FEB15 19 137 CALL | buy | $8.970 | long |
| 2019-01-17 10:17:04 | FEB15 19 134 CALL | sell | $11.950 | short |
| 2019-01-18 10:24:51 | FEB15 19 138 CALL | sell | $9.850 | short |
| 2019-01-18 10:46:10 | FEB15 19 138 CALL | sell | $10.120 | short |
| 2019-01-22 15:38:34 | FEB15 19 133 CALL | sell | $12.250 | 0 |
| 2019-01-22 15:38:34 | FEB15 19 134 CALL | buy | $11.360 | 0 |
| 2019-02-05 10:55:01 | FEB15 19 138 CALL | buy | $13.550 | 0 |
| 2019-02-05 11:16:31 | FEB15 19 137 CALL | sell | $14.270 | 0 |
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