Symbols traded today: XSP (1DTE)

I entered a short Iron Fly position on XSP that expires the next day, a 1DTE position, and exited it for a 3.6% loss.

XSP short Iron Fly

LOT:	1	ENTRY DATE:	1/2/2024
		EXIT DATE:	1/3/2024
		DAYS HELD:	1

Entry and Exit

METRIC	CREDIT	DEBIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Options premium	$ 2.16	$ 2.24	$ (0.08)	-3.6%	-1296%
METRIC	ENTRY	EXIT	CHANGE	CHANGE %	ANNUALIZED CHANGE %
Stock price	$ 474.54	$ 472.17	$ 2.37	-0.50%	-182%
Impllied Volatility Rate	10.5	14.0	3.5
Days to expiration	1	0

The structure of the position

STRUCTURE	STRIKE	ODDS EXPIRE OTM	DELTA	IN PRICE	OUT PRICE	CHANGE
Calls
Long	478.00	90%	12	$ (0.18)	$ 0.02	$ (0.16)
Break-even	476.16	67%	34	$ 1.00
Short	474.00	44%	56	$ 1.54	$ (0.35)	$ 1.19
Puts
Short	474.00	56%	44	$ 0.92	$ (2.23)	$ (1.31)
Break-even	472.16	74%	26.5
Long	470.00	91%	9	$ (0.12)	$ 0.32	$ 0.20
						======
					NET TOTAL:	$ (0.08)

Risk and Reward

Per contract:
Reward	216.00
Risk	184.00
R/R Ratio (n:1)	0.9

By Tim Bovee, Portland, Oregon, January 2-3, 2024

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.

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Based on a work at www.timbovee.com.