Symbols traded today: IWM, QQQ
IWM short Bear Call Vertical Spread (9DTE)
| LOT: | 3 | ENTRY DATE: | 11/8/2023 |
| EXIT DATE: | 11/9/2023 |
Entry and Exit
| CREDIT (ENTRY) | DEBIT (EXIT) | CHANGE | CHANGE % | |
| Options premium | $ 0.78 | $ 0.39 | $ 0.39 | 100.0% |
| ENTRY | EXIT | CHANGE | CHANGE % | |
| Stock price | $ 169.95 | $ 167.50 | $ (2.45) | -1.4% |
| Implied Volatility Rate | 28.4 | 30.8 | 2.4 | |
| Days to expiration | 9 | 8 | -1 |
The structure of the position
| STRUCTURE | STRIKE | ODDS EXPIRE OTM | DELTA |
| Calls | |||
| Long | 175.00 | 81.0% | 19 |
| Break-even | 172.78 | 72.0% | 27.5 |
| Short | 172.00 | 63.0% | 36 |
Risk and Reward
| Per contract: | |
| Reward | 78.00 |
| Risk | 222.00 |
| R/R Ratio (n:1) | 2.8 |
QQQ short Iron Fly (1DTE)
| LOT: | 4 | ENTRY DATE: | 11/8/2023 |
| EXIT DATE: | 11/9/2023 |
Entry and Exit
| METRIC | CREDIT | DEBIT | CHANGE | CHANGE % |
| Options premium | $ 2.00 | $ 1.91 | $ 0.09 | 4.7% |
| METRIC | ENTRY | EXIT | CHANGE | CHANGE % |
| Stock price | $ 372.85 | $ 373.56 | $ (0.71) | $0.71 |
| Impllied Volatility Rate | 8.5 | 8.6 | -0.1 | 0.1 |
| Days to expiration | 1 | 0 |
The structure of the position
| STRUCTURE | STRIKE | ODDS EXPIRE OTM | DELTA |
| Calls | |||
| Long | 376.00 | 82.0% | 19 |
| Break-even | 375.00 | 67.0% | 33.5 |
| Short | 373.00 | 52.0% | 48 |
| Puts | |||
| Short | 373.00 | 48.0% | 52 |
| Break-even | 372.00 | 63.0% | 37 |
| Long | 370.00 | 78.0% | 22 |
Risk and Reward
| Per contract: | |
| Reward | 200.00 |
| Risk | 100.00 |
| R/R Ratio (n:1) | 0.5 |
By Tim Bovee, Portland, Oregon, November 8, 2023
Disclaimer
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
License
All content on Tim Bovee, Private Trader by Timothy K. Bovee is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Based on a work at www.timbovee.com.
Tim Bovee, Private Trader 
[…] Entered SPY short Iron Fly, IWM short Bear Call Spread. I’ve entered two options positions today, one on IWM, at 9 days to expiration (DTE), and the other on SPY, at 1DTE, and have posted analyses of the trades. […]
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[…] short Iron Fly position on QQQ. I’ve updated yesterday’s options trades post with results of my short Iron Fly position on QQQ, entered one day before expiration and exited on […]
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