Today I broke a lot of my rules and basically started with $-120 from a trade, As of now I put in 2 contracts at 7170/7175 call credit spreads at $0.60 so they are basically breakeven if they close worthless, However I also got into another trade at 7170/7185 Call Credit Spread For $1.00. If these close worthless then I’d be profitable today however I’m only aiming to breakeven. Today is FOMC and honestly I don’t like today’s trades since Price went sideways and faked me out twice already. I honestly should not have traded today but let’s see how it turns out.
I had aimed to close these at $0.05 but price reversed up slightly. Above is the price action at 11:28 AM PST. Below is The price action at 12:12 PM PST.
I had planned to leave these as worthless however, If price goes back above 7145 Ill close all the positions I have with whatever the premium is.
Update: It is 12:24 PM PST, The contracts are now unable to close since they are worth less than $0.05. They should be able to expire worthless since gamma is at 7140. Profit is around $100 before fees.