Looking at the bigger picture on daily chart, K220 continues to get lower. It established another lower low this week, even with just 2 trading days. K220 has dropped quite a far bit since July high 272.83. It is currently at Fibonacci Retracement of 76.40%. How far more will it go before it takes a breather? Will it go 100%? Let's see.
Looking at the Weekly chart, K200 seems to form a pin bar touching the uptrend line. However, this week had only 2 days. The next week bar will be more reliable for us to determine if it is bouncing off the uptrend line like past weeks.
Not much change at Monthly chart, K200 is heading lower. Will it be bounce off the uptrend line like the past few months?
October Position: Put Spread 247.5/250
October Position has a paper gain of about 0.12 points (KRW 60,000, before commission). K200 is about 11 points away from the Short Put. Delta is at 0.0880. DTE is 25 days. This position looks good. No action required.
November Position : Iron Condor 242.5/245/280/282.5
November Position is currently at a paper gain of about 0.12 points (KRW 60,000, before commission). K200 is about 18 points away from the Short Call; 16 points away from the Short Put. Delta is at 0.3724 for Short Call; 0.3070 for Short Put(definitely wrong, typical problem for IB) as per IB chart. DTE is 68 days. This position looks good. No action required.
Another obvious mistake by IB is the theoretical and hypothetical P&L chart as at close of next week 19-Sep. It is impossible for the Iron Condor to have profit higher than the credit received.
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