5/21 Beta Weighted Portfolio

After adjusting the DIA Iron Butterfly, I got even better Theta:Delta ratio for the portfolio when Beta weighting it to RUT. Now sitting at a great spot.

5/21 MDY Condor

Being slightly bearish at the beginning of the trade paid off Today, it is closer to the middle and profitable. Good start.

5/21 DIA Iron Butterfly

I learned a lesson Today, when DIA was at 42.40, I decided to hedge the position buying an extra long JUL Put. First, it was middle of the day, and I brought delta down to zero. Then DIA moved back up at the closing and I was delta negative by quite too much. I exchanged the puts and brought the trade back to 1:1 ratio.

In future adjustments, if I have to do it intra-day, I'll cut delta in 1/2 and then look at it again at end of day.

5/21 SPY Calendar

SPY moved down Today, but Volatility increased by quite a bit, that is helping the position for sure. Still within the B/E zone, so no adjustment needed.

5/21 RUT 50-Day Condor

Tried to exit the trade Today, got nowhere with fills, I guess it is so well centered it makes no sense to hurry to exit it. If we go down and I can't take it off, I plan on hedging.

5/20 RUT Beta-Weighted Portfolio

I'll start publishing this chart for my entire portfolio, this will help me analyze all my positions as one single bag of goodies. Also will help me to think in terms of the greeks, my ultimate goal is to manage a bunch of money with the greeks as my guidelines.

As you can see, the portfolio is nice and sweet, with a great Theta:Delta ratio of 20 to 1! Nice..

5/20 MDY 30-Day Condor

I added this trade Today. I've set it up to go slightly delta negative to begin with, should MDY rejects the down-side and pushes higher Tomorrow, my plan is to enter CALL insurance or the second lot to help out with the position's delta.