Market Analysis and Straddle Adjustment Strategies (2024-09-13)

This is how the market looked yesterday:

And this is how it looks today:

Existing Positions

/ESU24 Sep 16th 7DTE Short Straddle

BTC two almost worthless put. STO ATM Put

XSP Sep 17th 7DTE Short Straddle

Closed for -$420 return since Sep 10, 2024, 7:11 PM

/ESU24 Sep 20th 7DTE Short Straddle

Added another ATM to expand the area and profit target.

New Position

Experiments

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

/ESU24 Sep 16th 2DTE Short Straddle

Added a strangle to middle the current price

/ESU24 Sep 20th 8DTE BWB

Closed as it is getting too complicated with the increasing number of contracts.