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SPX SEP 19 <24> Broken Wing Butterfly

Discussion in 'Options' started by tom, Aug 27, 2014.

  1. tom

    tom Administrator Staff Member

    NEW TRADE
    SPX 2000.10 +2.20
    With 24 days to expiration, I wanted to put a trade on with the normal monthly expiration as the volume and open interest are really large. I got filled on my broken wing butterfly at the mid-price, which I was happy with. It only took a minute or so to get filled. Off we go!

    VIDEO UPDATE

    OptionVue Matrix
    2014-08-26_SPX_BWB_SEP_19_Matrix.png

    OptionVue Analyze Chart
    2014-08-26_SPX_BWB_SEP_19_Chart.png

    Greeks Calculations
    2014-08-26_SPX_BWB_SEP_19_Greeks.png

    Interactive Brokers Trade Log
    2014-08-26_IB_Trade_Log.png
     
  2. tom

    tom Administrator Staff Member

    Trade Update
    SPX 1999.83 -0.19 -0.01%
    SPX was nearly unchanged today. Volatility didn't move either so a good theta collection day.

    OptionVue Matrix
    2014-08-27_SPX_SEP_19_BWB_Matrix.png

    OptionVue Analyze Chart
    2014-08-27_SPX_SEP_19_BWB_Chart.png

    Greeks Calculations
    2014-08-27_SPX_SEP_19_BWB_Greeks.png
     
  3. Mike

    Mike Member

    Tom, do you still put one of these on per week if the market hasn't moved much in a week?
     
  4. tom

    tom Administrator Staff Member

    Hi Mike,
    That's the idea. Keep a steady stream going :)
     
  5. Mike

    Mike Member

    ok thanks.
     
  6. tom

    tom Administrator Staff Member

    Trade Update
    SPX 1996.80 -3.10
    As I mentioned in my other SPX trade, SPX went lower initially but recovered most of the loss today. The position is at breakeven today. Hopefully we'll get into positive territory tomorrow.

    OptionVue Matrix
    2014-08-28_SPX_SEP_19_BWB_Matrix.png

    OptionVue Analyze Chart
    2014-08-28_SPX_SEP_19_BWB_Chart.png
     
  7. tom

    tom Administrator Staff Member

    Trade Update
    SPX 2003.22 +6.48 0.32%
    SPX was up nicely today. This is a bullish trade so it did quite well. Nothing to do.

    OptionVue Matrix
    2014-08-29_SPX_SEP_19_BWB_Matrix.png

    OptionVue Analyze Chart
    2014-08-29_SPX_SEP_19_BWB_Chart.png
     

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