5/22 Beta-Weighted Portfolio

I started tracking the Beta-weighted portfolio using both DIA and RUT, as it seems to be a slight difference among the two. One way or another, the Theta:Delta ratio are good and I'll sure enjoy the weekend of theta flowing into my portfolio.

I'm also tracking the 1-hour charts on DIA and RUT to come up with short-term up-side and down-side targets. I post my technical analysis on the Technical Corner, this way I can see how those possibilities can impact the portfolio.

5/22 RUT 30-Day Condor

I entered a RUT condor at the final hour on Friday. I noticed RUT was at the price level I wanted and therefore I decided to jump in even though it was 27 days till expiration. I plan to follow Mark Santucci's guidelines.

No dashboard yet, since it was the first day on the trade.

5/22 MDY 30-day Condor

It is great that I started this trade on a bearish mode, MDY has moved down and is now right in the center of the position. My plan for this condor is to follow Mark Santucci's guidelines and hedge (cut in 1/2) the deltas at 3 different price levels as outlined in the profile.

5/22 SPY Calendar

I started the position slightly bearish, and SPY has only moved down since the trade begun. Yet, volatility is helping and we're at the b/e level.

5/22 DIA Iron Butterfly

The fact I adjusted and made a small mistake Yesterday didn't help me much. Thankfully the trade is very forgiving and P&L is already recovering, with the long weekend time decay will provide further help and estimates is that I'll be at B/E provided DIA stays still over the long weekend.

One way or another, the delta is neutral on the position, so even if we move around on Tuesday, it won't hurt much.

5/22 RUT 50-Day Condor

The 50-Day condor is well inside the volatility cone and in the center of the chart. I've tried to take the trade off the table but could not get a good fill. The plan to leave the trade alone is proving more difficult than I thought, let's see how it goes.