Symbols traded today: short Iron Flies on QQQ SPY (1DTE)
I entered short Iron Fly positions on QQQ and SPY, one day before expiration and exited both the next day for a profit.
QQQ short short Iron Fly
| LOT: | 11 | ENTRY DATE: | 12/19/2023 |
| EXIT DATE: | 12/20/2023 | ||
| DAYS HELD: | 1 |
Entry and Exit
| METRIC | CREDIT | DEBIT | CHANGE | CHANGE % | ANNUALIZED CHANGE % |
| Options premium | $ 1.85 | $ 1.66 | $ 0.19 | 11.4% | 4155% |
| METRIC | ENTRY | EXIT | CHANGE | CHANGE % | ANNUALIZED CHANGE % |
| Stock price | $ 408.43 | $ 408.33 | $ 0.10 | -0.02% | -9% |
| Impllied Volatility Rate | 3.4 | 4.7 | 1.3 | ||
| Days to expiration | 1 | 0 |
The structure of the position
| STRUCTURE | STRIKE | ODDS EXPIRE OTM | DELTA |
| Calls | |||
| Long | 411.00 | 83.0% | 17 |
| Break-even | 409.85 | 65.5% | 36 |
| Short | 408.00 | 48.0% | 55 |
| Puts | |||
| Short | 408.00 | 49.0% | 52 |
| Break-even | 406.85 | 66.0% | 34.5 |
| Long | 405.00 | 83.0% | 17 |
Risk and Reward
| Per contract: | |
| Reward | 185.00 |
| Risk | 115.00 |
| R/R Ratio (n:1) | 0.6 |
SPY short Iron Fly
| LOT: | 21 | ENTRY DATE: | 12/19/2023 |
| EXIT DATE: | 12/20/2023 | ||
| DAYS HELD: | 1 |
Entry and Exit
| METRIC | CREDIT | DEBIT | CHANGE | CHANGE % | ANNUALIZED CHANGE % |
| Options premium | $ 1.41 | $ 1.25 | $ 0.16 | 12.8% | 4646% |
| METRIC | ENTRY | EXIT | CHANGE | CHANGE % | ANNUALIZED CHANGE % |
| Stock price | $ 473.72 | $ 474.10 | $ (0.38) | 0.08% | 29% |
| Impllied Volatility Rate | 5.6 | 5.8 | 0.2 | ||
| Days to expiration | 1 | 0 |
The structure of the position
| STRUCTURE | STRIKE | ODDS EXPIRE OTM | DELTA |
| Calls | |||
| Long | 476.00 | 75.0% | 24 |
| Break-even | 475.41 | 61.0% | 38.5 |
| Short | 474.00 | 47.0% | 53 |
| Puts | |||
| Short | 474.00 | 47.0% | 54 |
| Break-even | 473.41 | 64.0% | 37 |
| Long | 472.00 | 81.0% | 20 |
Risk and Reward
| Per contract: | |
| Reward | 141.00 |
| Risk | 59.00 |
| R/R Ratio (n:1) | 0.4 |
By Tim Bovee, Portland, Oregon, December 19-20, 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 
[…] also entered short Iron Fly positions on QQQ and SPY that expire the next day, and have a posted trade analysis of […]
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