Bad fills, poor execution, rookie mistakes, and two major moves forced me to adjust first down and then up. (I made two more mistakes this morning and bought calls in stead of puts
.)
I got much better fills this time (thanks Mike)
My new position:
Long 1 1040 RUT put
Short 2 1090 RUT puts
Long 1 1140 RUT put
Long 1 105 IWM call
Short 7 108 IWM calls
Long 7 107 IWM calls
These are my Greeks:
delta -5.91
gamma -1.32
theta 175
vega -496.7
This is the chart of my position after I rolled it up 50 points this morning and added a 7 lot IWM vertical call at 107/108. I left my 1 105 IWM call alone.
As you can see I am under water and will have to have some good luck and hold to very close to expiration to make a profit.
And by the way, do I have any idea what I'm doing? No. I'm flying by the seat of my pants.
(Right click on image/view image)
