{"id":1616,"date":"2020-07-31T15:18:50","date_gmt":"2020-07-31T15:18:50","guid":{"rendered":"http:\/\/tradejolt.com\/wordpress\/?p=1616"},"modified":"2020-07-31T15:24:13","modified_gmt":"2020-07-31T15:24:13","slug":"iwm-milking-31-july","status":"publish","type":"post","link":"https:\/\/tradejolt.com\/wordpress\/iwm-milking-31-july\/","title":{"rendered":"IWM Milking 31 July"},"content":{"rendered":"<figure id=\"attachment_1621\" aria-describedby=\"caption-attachment-1621\" style=\"width: 453px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_31jul.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_31jul.png\" alt=\"\" width=\"453\" height=\"350\" class=\"size-full wp-image-1621\" srcset=\"https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_31jul.png 453w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_thumb_31jul-300x232.png 300w\" sizes=\"auto, (max-width: 453px) 100vw, 453px\" \/><\/a><figcaption id=\"caption-attachment-1621\" class=\"wp-caption-text\">IWM thumbnail 31 July<\/figcaption><\/figure>\n<p>Well, we were right yesterday in our belief that IWM would head lower. We dropped to 145.50 and believe we have support at 145. Because we guessed right in the direction of the move, we were able to bank a lot of lost premium.  We have $2322 of profits for the day on 35 positions.<\/p>\n<p>We are going to roll immediately (it's 10:45 am). We'l sell the July 31 straddle for an Aug 5 straddle centered on a 145 strike. This is cash flow positive, by $3.62 per share, boosting our positive cash flow by $11969.<\/p>\n<figure id=\"attachment_1618\" aria-describedby=\"caption-attachment-1618\" style=\"width: 1024px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status.png\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status-1024x98.png\" alt=\"\" width=\"1024\" height=\"98\" class=\"size-large wp-image-1618\" srcset=\"https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status-1024x98.png 1024w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status-600x58.png 600w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status-300x29.png 300w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status-768x74.png 768w, https:\/\/tradejolt.com\/wordpress\/wp-content\/uploads\/2020\/07\/iwm_31jul_posttrade_status.png 1491w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption id=\"caption-attachment-1618\" class=\"wp-caption-text\">IWM post roll status<\/figcaption><\/figure>\n<p>size: 35 contracts<br \/>\nLong Term Hedge: $93,159 or $26.61 per share<br \/>\nCash Flow to Date: $23,961 or $6.84 per share<br \/>\nP&L to date : $46,406  or $13.25 per share<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Well, we were right yesterday in our belief that IWM would head lower. We dropped to 145.50 and believe we have support at 145. Because we guessed right in the direction of the move, we were able to bank a lot of lost premium. We have $2322 of profits for the day on 35 positions. [&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-1616","post","type-post","status-publish","format-standard","hentry","category-trades"],"_links":{"self":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1616","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=1616"}],"version-history":[{"count":4,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1616\/revisions"}],"predecessor-version":[{"id":1622,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/posts\/1616\/revisions\/1622"}],"wp:attachment":[{"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradejolt.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}