Symbols traded today: XSP (1DTE)

I’ve entered a short Iron Fly position on XSP and exited for a profit the next day shortly after the opening bell.

XSP short Iron Fly

LOT:	2	ENTRY DATE:	12/18/2023
		EXIT DATE:	12/19/2023
		DAYS HELD:	1

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 1.38	$ 1.22	$ 0.16	13.1%	4761%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Stock price	$ 474.55	$ 474.46	$ 0.09	-0.02%	-7%
Impllied Volatility Rate	5.7	7.5	1.8
Days to expiration	1	0

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA
Calls
Long	477.00	82.0%	18
Break-even	476.38	62.5%	37
Short	475.00	43.0%	56
Puts
Short	475.00	44.0%	56
Break-even	474.38	58.5%	42
Long	473.00	73.0%	28

Risk and Reward

Per contract:
Reward	138.00
Risk	62.00
R/R Ratio (n:1)	0.4

By Tim Bovee, Portland, Oregon, December 18, 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.