Looking at the bigger picture on daily chart, K220 get lower low this week with the lower high last week. I will wait for a another lower high to confirm change of trend.
Looking at the Weekly/Monthly chart, K200 is heading lower. Will it be bounce off the uptrend line like the past few weeks/months?
October Position: Put Spread 247.5/250
October Position has a paper gain of about 0.07 points (KRW 35,000, before commission). K200 is about 12 points away from the Short Put. Delta is at 0.0723. DTE is 32 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 0.02 points (KRW 10,000, before commission). K200 is about 18 points away from the Short Call; 17 points away from the Short Put. Delta is at 0.3673 for Short Call; 0.2426 for Short Put(definitely wrong, typical problem for IB) as per IB chart. My screen capture as on Friday close is 0.0947 for Short Call & 0.1028 for Short Put. DTE is 68 days. This position looks good. No action required.
Another obvious mistake by IB is the theoretical and hypotehtical P&L chart as at close of next week 12-Sep. It is impossible for the Iron Condor to have profit higher than the credit received.
Trading Calendar
Monday Sep-8: KSE will be closed for trading
Tuesday Sep-9: KSE will be closed for trading
Wednesday Sep 10: KSE will be closed for trading
No comments:
Post a Comment