Symbols traded: XSP

I’ve entered a short Iron Fly position on XSP, one day prior to expiration (1DTE), and exitred on expiration day for a 9.9% profit.

XSP short Iron Fly

LOT:	1	ENTRY DATE:	12/14/2023
		EXIT DATE:	12/15/2023
		DAYS HELD:	1

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 2.00	$ 1.82	$ 0.18	9.9%	3590%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Stock price	$ 471.30	$ 470.75	$ 0.55	-0.12%	-43%
Impllied Volatility Rate	3.1	3.1	0.0
Days to expiration	1	0

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA
Calls
Long	474.00	77.0%	23
Break-even	473.00	63.5%	37
Short	471.00	50.0%	51
Puts
Short	471.00	50.0%	49
Break-even	470.00	64.5%	35
Long	468.00	79.0%	21

Risk and Reward

Per contract:
Reward	200.00
Risk	100.00
R/R Ratio (n:1)	0.5

By Tim Bovee, Portland, Oregon, December 14, 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

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Based on a work at www.timbovee.com.