Market Analysis and Straddle Adjustment Strategies (2024-09-11)

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

XSP Sep 13th 7DTE Short Straddle

Closed for +$246 return since Sep 6, 2024 at 6:31 PM

/ESU24 Sep 16th 7DTE Short Straddle

No adjustment required yet although the big swing is taking it closer to the down-side.

XSP Sep 17th 7DTE Short Straddle

No adjustment required as current price is almost around the middle.

New Position

/ESU24 Sep 18th 7DTE Short Straddle

Experiments

Some trades that I’m following to learn and try out other strategies

/ESU24 Sep 12th 1 DTE Short Straddle

1 DTE Expiry so it is more risky but would like to try out adjustments. Also will close it at > 5% PT and ~20% SL

SPX Sep 17th 7 DTE IronFly

Started as IronFly yesterday and turned into Iron Condor today after adjustment to expand the area.