Symbols traded today: XSP (4DTE)

I entered a short Iron Fly position XSP and exited during the next trading session, on expiration day, the day after Christmas, December 26. The position produced a 20.9% profit.

Note that I’ve added in the prices of the individual options in the position structure session. This will accommodate positions that I must close partially (as happened today with another trade).

XSP short Iron Fly

LOT:	3	ENTRY DATE:	12/22/2023
		EXIT DATE:	12/26/2023
		DAYS HELD:	4

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 1.91	$ 1.58	$ 0.33	20.9%	1895%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Stock price	$ 476.20	$ 476.23	$ (0.03)	0.01%	1%
Impllied Volatility Rate	11.5	13.6	2.1
Days to expiration	4	0

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA	IN PRICE	OUT PRICE	CHANGE
Calls
Long	480.00	83.0%	15	$ (0.19)	$ 0.02	$ (0.17)
Break-even	478.91	67.0%	30.5
Short	477.00	51.00%	46	$ 0.94	$ (0.45)	$ 0.49
Puts
Short	477.00	49.0%	54	$ 1.63	$ (1.34)	$ 0.29
Break-even	475.91	65.0%	37.5
Long	474.00	81.0%	21	$ (0.47)	$ 0.19	$ (0.28)
						======
					NET TOTAL:	$ 0.33

Risk and Reward

Per contract:
Reward	191.00
Risk	109.00
R/R Ratio (n:1)	0.6

By Tim Bovee, Portland, Oregon, December 22-26, 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.