Market Analysis and Straddle Adjustment Strategies (2024-09-24)
This is how the market looked yesterday:
And this is how it looks today:
Existing Positions
New Position
/ESZ24 Oct 2nd 7/8 DTE Short Straddle
Experiments
Some trades that I’m following to learn and try out other strategies.
0 DTE
2/3 DTE
/ESZ24 Sep 26th 3DTE Short Straddle (Exp)
Closed for +$587.50 return since Sep 23, 2024 at 3:20 PM
/ESZ24 Sep 27th 3DTE Short Straddle (Exp)
New 3 DTE Expiry Straddle
7/8 DTE
/ESZ24 Sep 26th 7DTE Short Straddle
Leaving it on. It may be ok to close it now for around 10% profit of initial credit. One of the rules to determine is if it is ok to close for less than the profit target (~15%) Or keep it open a day before expiry 🤔
/ESZ24 Oct 1st 7/8DTE Short Straddle (Exp)
Looking ok for now
