Updates on Live Trades Yesterdays SheridanTV Show

July 5 Live  Trades from SOM  TV  Show

COST  Iron Condor.  Jul 20 Expiration.  S 1  215 C, B 1  220 C,  S 1  200 P,  B 1  195 P,  .99 Credit. With COST currently trading at 208  -1, the Iron Condor is trading at  .89. Nothing to do now.  Position Greeks at 208.23:  Deltas  -4,  Gamma  -3.47,  Theta  5.71,  Vega  -10.

TSLA  Bullish Butterfly. July 20 Expiration. B 1  320 C, S 2  325 C,  B 1  330 C,  .31 Debit. With TSLA at 307  -2 today, the spread is trading at around .30- 35 range , nothing to do right now.

Dan

dan@sheridanmentoring.com

Update on SPX Iron Condor from Monday

In the previous blog post I put on a SPX Iron Condor

I just took off Mondays High Octane short term Iron Condor for a 12% profit in 3 days. The trade was in the July 6 expiration.

Buy 1  JUL 6  2750 C, Sell 1  JUL 6  2745 Call,  Sell 1  JUL 6  2660 Put,  B 1  JUL 6  2655 Put.

I sold the Iron Condor Monday for 1.35 Credit, and bought it back today for .90 debit.

Dan Sheridan

dan@sheridanmentoring.com

HIGH OCTANE 4 DAY SPX IRON CONDOR

The below trade was discussed earlier today in a webinar with Ally Invest.

B 1  JUL 6  2750 C, S 1  JUL 6  2745 C,  S 1  JUL 6  2660 P,  B 1  JUL 6  2655 P,   1.35 Credit. Margin or Risk per 1 contract is $365. I have an order in now for 1.35 credit at 12:27 pm central with SPX at 2704  -14. Not filled yet. Mid Price Range is between 1.25 and 1.35. My Profit Target is 15 % of my Max Risk of 365 and My Max Risk is 20% of $365. Would do smaller size than an 18 Day or 45 Day Iron Condor. There is more price Risk as you get closer to Duration and this trade expires this Friday in 4 Days! The beginning Greeks are :  Deltas  -.76,  Gamma  -.15,  Theta 24,  Vega  -18.

Dan Sheridan

dan@sheridanmentoring.com