Market Analysis and Straddle Adjustment Strategies (2024-10-03)

This is how the market looked yesterday:

images/2024/10/02/1727899165.png

And this is how it looks today:

images/2024/10/03/1727990037.png

Existing Positions

/ESZ24 Oct 9th 7/8DTE Short Straddle

Closed for +$800 (+14%) return since Oct 1, 2024 at 4:04 PM

New Position

/ESZ24 Oct 11th 7/8DTE Short Straddle

So far, +$87.50 (+1.5%) return since Oct 3, 2024 at 3:46 PM

images/2024/10/03/1727990047.png

Experiments

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

0 DTE

2/3 DTE

/ESZ24 Oct 4th 3DTE Short Straddle (Exp)

Closed for +$1,025 (+16%) return since Oct 1, 2024 at 7:29 PM

/ESZ24 Oct 8th 3DTE Short Straddle (Exp)

So far, -$50 (-1.2%) return since Oct 3, 2024 at 7:35 PM

images/2024/10/03/1727990064.png

7/8 DTE

/ESZ24 Oct 7th 7/8DTE Short Straddle (Exp)

So far, +$412.50 (+5.9%) return since Sep 27, 2024 at 8:43 PM

images/2024/10/03/1727990069.png

/ESZ24 Oct 8th 7/8DTE Short Straddle (Exp)

So far, +$12.50 (+0.2%) return since Sep 30, 2024 at 5:51 PM

images/2024/10/03/1727990076.png

/ESZ24 Oct 10th 7/8DTE Short Straddle (Exp)

So far, +$75 (+1.4%) return since Oct 2, 2024 at 8:57 PM

images/2024/10/03/1727990083.png

Others