Thursday, October 3, 2013

Roth IRA VXX TRADE





Order ONE


Bot Vertical .84 cent debit x 10



ADJUST ONE (REMOVE RISK)

Credit .90 Cents



Risk GRAPH



ADJUST TWO



Current Risk GRAPH



ADJUSTMENT THREE






Current Risk





***UPDATED AND CLOSED***

ADJUSTMENT FOUR


EXIT CONDOR PORTION OF THE TRADE


ADJUSTMENT FIVE

USED PORTION OF THE $0.60 Cent Credit from closed condor to butterfly roll the 25x VXX put spread up one more strike.




VXX 25x Vertical CLOSE



TOTALS
 
10x -.84 Debit = -$840.00 Debit
 
10x +.90 Credit = $900.00 Credit (Risk FREE $60.00 Credit)
 
25X - .27 Debit = -$675.00 Debit (Risk Added =$675.00)
 
25x - .20 Debit = -$500.00 Debit (Risk Added =$1175.00)
 
10X +.60 Credit = $600.00 Credit (Risk Reduced = $600.00)
 
25X -.20 Debit = -$500.00 Debit (Risk Added = $1075.00)
 
25X + .68 Credit = $1700.00 = Closed
 
$685.00



Thank You