Short Straddle (10 Lots)
10600 30July 260+295=555
We have exposed to Theta 5550 points, for total 10 lots.
Adjustments:
SELL 11000CE 30JULY 94
SELL 11000CE 30JULY 94
SELL 11000CE 30JULY 94
--------------------
sell 11000CE 30July 94
Total: 378
The challenge is the adjustments. I might complete shift the body at a 300 point move. And will be watchful to make delta adjustments as price starts to trend.
10600 30July 260+295=555
We have exposed to Theta 5550 points, for total 10 lots.
Adjustments:
SELL 11000CE 30JULY 94
SELL 11000CE 30JULY 94
SELL 11000CE 30JULY 94
--------------------
sell 11000CE 30July 94
Total: 378
The challenge is the adjustments. I might complete shift the body at a 300 point move. And will be watchful to make delta adjustments as price starts to trend.