Strategy 2 is Under Pressure

Rules:
1. Sell new top (0.5-1SD)  top ATM 30-45 DTE straddle;
2. Buy 1-2 strike OTM PUT for downside protection;
3. Take 30% of max profit.
4. Roll if unprofitable.
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4/20/16 Another Entry
Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
4/20/2016 11:41 SINGLE SELL -1 TO OPEN /EWK6 2100 CALL 30.5 30.5
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4/13/16 New entry
Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
51
4/13/2016 12:06 STRADDLE SELL -1 TO OPEN /EWK6 2070 CALL 37.25 CREDIT
SELL -1 TO OPEN /EWK6 2070 PUT 37.5
4/13/2016 12:06 SINGLE BUY 1 TO OPEN /EWK6 2025 PUT 23.75
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4/12/16 Rule #1 has been violated. That's because it is not a new trade. This is meant to improve
3/29/2016 entry.
Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
45.25
4/12/2016 11:52 SINGLE BUY 1 TO OPEN /EW4K6 2035 PUT 34.75 CREDIT
4/12/2016 11:47 STRADDLE SELL -1 TO OPEN /EW4K6 2050 CALL 40.25
SELL -1 TO OPEN /EW4K6 2050 PUT 39.75


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3/18/16-4/11/16  18 points
Out with +6 points. That's because the trade didn't  work for 2 weeks.
I hope to reestablish this position with a better entry point.

Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
4/11/2016 15:56 IRON CONDOR BUY 1 TO CLOSE /EWJ6 2045 CALL 21 24.8
SELL -1 TO CLOSE /EWJ6 2130 CALL 0.45 DEBIT
BUY 1 TO CLOSE /EWJ6 2045 PUT 28.25
SELL -1 TO CLOSE /EWJ6 2035 PUT 24

In
Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
3/29/2016 14:35 IRON CONDOR SELL -1 TO OPEN /EWJ6 2045 CALL 29.5 31.5
BUY 1 TO OPEN /EWJ6 2130 CALL 1.5 CREDIT
SELL -1 TO OPEN /EWJ6 2045 PUT 29.75
BUY 1 TO OPEN /EWJ6 2035 PUT 26.25

3/18/16-3/28/16  12 points

Exec Time Spread Side Qty Pos Effect Exp Strike Type Price
3/28/2016 10:59 SINGLE BUY 1 TO CLOSE /ESJ6 2075 CALL 4.15

The trade was reestablished cause /ES rallied into the close.

Exec Time Spread Side Qty Pos Effect Exp Strike Type Price
3/24/2016 16:10 SINGLE SELL -1 TO OPEN /ESJ6 2075 CALL 5.5
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3/18/16-3/24/16  11 points $520=$550 -$30 fees

Exec Time Spread Side Qty Pos Effect Exp Strike Type Price Net Price
3/24/2016 10:18 IRON CONDOR BUY 1 TO CLOSE /ESJ6 2040 CALL 15.25 20.3
SELL -1 TO CLOSE /ESJ6 2150 CALL 0.2 DEBIT
BUY 1 TO CLOSE /ESJ6 2040 PUT 38.75
SELL -1 TO CLOSE /ESJ6 2030 PUT 33.5
3/18/2016 11:34 IRON CONDOR SELL -1 TO OPEN /ESJ6 2040 CALL 27.75 31.35
BUY 1 TO OPEN /ESJ6 2150 CALL 0.4 CREDIT
SELL -1 TO OPEN /ESJ6 2040 PUT 27.25
BUY 1 TO OPEN /ESJ6 2030 PUT 23.25

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