Market Analysis and Straddle Adjustment Strategies (2024-09-25)
This is how the market looked yesterday:
And this is how it looks today:
Existing Positions
/ESZ24 Oct 2nd 7/8 DTE Short Straddle
So far, +$362.50 (+9.5%) return since Sep 24, 2024 at 3:03 PM But looking to close it before day end.
/ESZ24 Sep 25th 0DTE Short Straddle
Opened and closed a 0DTE trade
Closed for +$112.50 (+13%) return since Sep 25, 2024 at 3:17 PM
New Position
Experiments
Some trades that I’m following to learn and try out other strategies.
0 DTE
2/3 DTE
/ESZ24 Sep 27th 3DTE Short Straddle (Exp)
Closed for +$406 (+16%) return since Sep 24, 2024 at 4:30 PM
7/8 DTE
/ESZ24 Sep 26th 7DTE Short Straddle
Closed for +$1,299.75 (+19%) return since Sep 18, 2024 at 8:38 PM
Notes from Yesterday: 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)
So far, +$725 (+19%) return since Sep 23, 2024 at 3:37 PM
Will keep it on for now.
/ESZ24 Oct 3rd 5775 7/8DTE Straddle (Exp)
