Market Analysis and Straddle Adjustment Strategies (2024-09-10)

This is how the market looked yesterday:

And this is how it looks today (up 1.12%):

Existing Positions

XSP Sep 11th 7DTE Short Straddle

Closed it for +$134 return since Sep 4, 2024, 6:37 PM

XSP Sep 12th 7DTE Short Straddle

Closed it for +$140 return since Sep 5, 2024, 6:46 PM

XSP Sep 13th 7DTE Short Straddle

No adjustment required yet (3DTE now) but if the market keeps going up then will need to adjust it.

/ESU24 Sep 16th 7DTE Short Straddle

No adjustment required.

New Position

XSP Sep 17th 7DTE Short Straddle