Trades on Options

[munde_77]

I just want to analyze my trades on options.

 

[munde_77]

As Election result is approaching. Markets will be volatile

VIX index has shot up from 18 to 35 and May 8 VIX Is trading at above 37

 

[munde_77]

VIX dropped from 22/04/14 to 25/04/14 from 37 yo 30.7

 

[munde_77]

I will initiate the Double Butterfly Strategy on Monday

If needed I will use adjustments (option repair strategy) and try to bring the strategy into profit or to minimize loss

Buy May CE 6300 +1000 Sell May CE 6600 - 2000 Buy May CE 6900 + 1000

Buy May CE 6700 +1000 Sell May CE 7000 -2000 Buy May CE 7300 + 1000


Profit Range between 6400 and 7200 (rounded)

 

[munde_77]

I will post the maximum profit and loss on this strategy

I will also post the image of double butterfly tomorrow.

There is wider range of break even between 6400 and 7200 and more probability than the traditional butterfly.

Some adjustments can be used to minimize the loss and mazimize profit

 

[munde_77]

 

[munde_77]

 

[munde_77]

I will initiate Broken Wing Strategy of the following Strikes if market goes up or may use other strategies for adjustments

 

[munde_77]

 

[munde_77]

I will initiate Broken Wing Strategy of the following Strikes if market goes up or may use other strategies for adjustments