Diary | 2/14/2020 | /ES Spread
Diupdate
Justification: Sold into weakness prior to market close.
- Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend.
- Technical: Below 20 and 50 MA.
- Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
If/Then:
- Take profit? 50% of credit received
- Where will you hedge? $3080
Strategy Details:
- Short and Long leg: $3070, $3020
- Short Leg Delta: 0.09
- Duration: March 31
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
- Directional Play: Yes. Adding long delta into a strong close prior to this extended weekend.
- Technical: Below 20 and 50 MA.
- Fundamental: Earnings continue to improve; Fed really supportive; jobs data positive; ISM manufacturing higher; market participants equally split between bullish and bearish ; virus data (if correct) shows the growth in virus cases slowing; trade going in a positive direction; world economy growth has persisted; and so on.
If/Then:
- Take profit? 50% of credit received
- Where will you hedge? $3080
Strategy Details:
- Short and Long leg: $3070, $3020
- Short Leg Delta: 0.09
- Duration: March 31
Disclaimer: This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
Catatan
Added similar spread in another account; 2/14/2020 OPENED: MAR 31 3070/3010 CREDIT PUT SPREAD 2.25CR [ACCT2]Catatan
Added similar spread in another account; 2/18/2020 OPENED: MAR 31 3090/3040 CREDIT PUT SPREAD 2.75CR.Catatan
2/19/2020 CLOSED: MAR 31 3090/3040 CREDIT PUT SPREAD 1.75CR.Catatan
Current Positions: 
This is a page where I look to share knowledge and keep track of trades. If questions, concerns, or suggestions, feel free to comment. I think everyone can improve (myself especially), so if you see something wrong, speak up.
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