Benji

Iron Fly on XLV: Healthcare

Benji Aktualisiert   
AMEX:XLV   SPDR Select Sector Fund - Health Care
6
Took a Position here on XLV with an IRON FLY.

-2 XLV 16 Dec 16 62/67/67/72 Put/Put/Call/Call @ 3.13

Credit: 3.13 ($626)

Risk: 1.87 ($374)

Target: ~2.33 ($160)

Break evens are in green.
Trade ist aktiv:

I inverted this IRON FLY to the 71 short put (66 long put) to reduce my delta in this position. I recieved another .68 in credit (.34) to increase my profit zone. I now need this position to fall between 67 and 71
Trade ist aktiv:

I apologize, I misread my fill incorrectly. I got a .68 roll credit, so I assumed .34x2, but in reality, the .68 was per contract. This extended my BEs out another .68 on either side. So break evens are now at 63.17 and 70.81.
Trade ist aktiv:

I rolled the short 67/72 call spread here for a loss and rolled it up to the 71/74 to create another Iron fly with my adjusted put side. This also reduced around $600 in buying power, so I could defend my trades better. The credit received for this new position is $364 (1.82/contract).

As of right now, I have a realized loss of $106, so I'll probably look to take this spread off around there in profit, or a little higher to cover some of the trade fees.

My new BEs are 72.82 to the upside and 69.18 to the downside.
Trade ist aktiv:
I took the call spread off of this trade here for an .11 debit, or nearly worthless. All that is left is the 66/71 put spread.
Trade wurde manuell geschlossen:
Bought back the short put spread for 3.84 today to free up buying power and bite the bullet here. I will post the options chain on here to follow my progression once I get it.
Kommentar:
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