ID: 2024 - 006
Updated
01.10.2024
2ndt official trade of 2024 executed today. This trade is the 1st element deployed in a campaign of 5 max positions for ESU2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry at 161 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
There are currently 4 elements deployed along with a black swan hedge providing overwatch. One more element will execute next week, and then this campaign will be done. Campaign number 2 will repeat this same process.
Happy Trading All!
-kevin
2ndt official trade of 2024 executed today. This trade is the 1st element deployed in a campaign of 5 max positions for ESU2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry at 161 DTE.
Trade construct is an unbalanced butterfly structure. This can be thought of as a PDS (put debit spread) combined with a PCS (put credit spread) and the short strikes will share the same strike. This gives again, defined risk, defined reward, and will get managed as one trade in a collective campaign of trades.
There are currently 4 elements deployed along with a black swan hedge providing overwatch. One more element will execute next week, and then this campaign will be done. Campaign number 2 will repeat this same process.
Happy Trading All!
-kevin
Trade active
2.9.2024DIT = 30
adjustment made to correct delta, reduce upside risk, bring in more trade credit.
Trade closed manually
2.15.2024Closed, moved to PM account.
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