I opened 1 spread with the following strikes and pricing:
Position Details:
- Short Put (Jul 17, 6180) – 1 contract @ 4.70 cr
- Short Call (Jul 17, 6290) – 1 contract @ 3.25 cr
- Long Put (Jul 22, 6180) – 1 contract @ 19.42 db
- Long Call (Jul 22, 6290) – 1 contract @ 19.38 db
Net Debit: 30.85 per spread
Total Cost: $3,085
I closed the trade at 29.20, taking a $165 loss (-5.3%).
Reason for Exit:
I exited the trade when the deltas moved below my acceptable range. Sticking to my risk management rules, even when it means taking a small loss.
⚠️ Disclaimer: This is my personal trading journal, shared for educational purposes only. Nothing here is financial advice or a recommendation to buy, sell, or trade. Please do your own research and understand the risks before making any trading decisions.