{"id":1569,"date":"2020-07-27T20:20:50","date_gmt":"2020-07-27T20:20:50","guid":{"rendered":"http:\/\/tradejolt.com\/wordpress\/?p=1569"},"modified":"2020-07-27T20:24:44","modified_gmt":"2020-07-27T20:24:44","slug":"iwm-roll-27jul","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/iwm-roll-27jul\/","title":{"rendered":"IWM &#8211; Roll 27JUL"},"content":{"rendered":"<p>At the last minute, a break of IWM to a higher high caused me to roll the Aug 3 147 PUT\/CALL straddle into a 148 PUT\/CALL straddle. I had not intended to do so, as the options were centered close to the market price, but I detected a breach of higher highs suggesting the market could rise to 148 by tomorrow.<\/p>\n<p><a href=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_27jul.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_27jul.png\" alt=\"\" width=\"443\" height=\"332\" class=\"alignnone size-full wp-image-1570\" srcset=\"https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_27jul.png 443w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_27jul-300x225.png 300w\" sizes=\"auto, (max-width: 443px) 100vw, 443px\" \/><\/a><\/p>\n<p>The positions were profitable, so it was an easy roll. In fact, I decidedto roll them forward in time, to the calls expiring in 4 days, on July 31 from August 3. This sacrifices a bit of cash flow, but those new options should produce better time decay for us, thereby increasing our ultimate milked earnings.<\/p>\n<p><a href=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status-1024x98.png\" alt=\"\" width=\"1024\" height=\"98\" class=\"alignnone size-large wp-image-1571\" srcset=\"https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status-1024x98.png 1024w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status-600x58.png 600w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status-300x29.png 300w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status-768x74.png 768w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_27jul_posttrade_status.png 1487w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<p>size: 35 contracts<br \/>\nLong Term Hedge: $93,159 or $2,661.68 per contract<br \/>\nCash Flow to Date: $13,553 or $387.22 per contract<br \/>\nP&L to date : $38,372 or $1,096.34 per contract<\/p>\n","protected":false},"excerpt":{"rendered":"<p>At the last minute, a break of IWM to a higher high caused me to roll the Aug 3 147 PUT\/CALL straddle into a 148 PUT\/CALL straddle. I had not intended to do so, as the options were centered close to the market price, but I detected a breach of higher highs suggesting the market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1569","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1569"}],"version-history":[{"count":3,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1569\/revisions"}],"predecessor-version":[{"id":1575,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1569\/revisions\/1575"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}