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  • 2060 PDF Guide 2 Managing The Position

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    M TELYA
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    This document provides daily management questions and actions for a position. The questions check if the position has hit its profit target, if position deltas are above or below certain thresholds, and if the price is within or outside the defined range. If any question is answered yes, then actions are taken to take the position off and open a new one, roll calls to move deltas back to neutral, exit the position if near expiration dates, or move the profit target and upper entry level.

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    2060 PDF Guide 2 Managing the Position (2)

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    This document provides daily management questions and actions for a position. The questions check if the position has hit its profit target, if position deltas are above or below certain thresholds, and if the price is within or outside the defined range. If any question is answered yes, then actions are taken to take the position off and open a new one, roll calls to move deltas back to neutral, exit the position if near expiration dates, or move the profit target and upper entry level.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views1 page

    2060 PDF Guide 2 Managing The Position

    Uploaded by

    M TELYA
    This document provides daily management questions and actions for a position. The questions check if the position has hit its profit target, if position deltas are above or below certain thresholds, and if the price is within or outside the defined range. If any question is answered yes, then actions are taken to take the position off and open a new one, roll calls to move deltas back to neutral, exit the position if near expiration dates, or move the profit target and upper entry level.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Managing The Position

    2060 Fly Daily Management Questions


    Check position at approximately the same time each day
    1. Did position hit profit target
    2. Are position deltas lower than -3 per tranche
    3. Are position deltas higher than +3 per tranche
    4. Is price inside the tent
    5. Is price lower than the tent
    6. Is position at 20 DTE or lower
    7. Is position 10 DTE or lower

    If Yes to any of above, Then:


    1. Take position off and open new position
    2. Move negative deltas back to neutral (Closest to zero) by rolling long call down
    3. Move positive deltas back to neutral (Closest to zero) by rolling long call up
    4. Move deltas back to neutral (Closest to zero) by rolling long call up or down
    5. Exit (take a loss if necessary)
    6. Move profit target to $20 per tranche (take profit before moving UEL up if possible) AND
    Move UEL to positive by rolling long call down
    7. Move profit target to break even Or let expire if UEL is positive

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