The trade has moved down 1.5 standard deviation since entry. trade is in loss but still within our trade limits. we put a 0.05 GTC order on the short call leg to close the short call side. as we have taken most of the extrinsic value of the short call we will want to close that side. if IBIT rebounce there will be no friction for the short put to recover from losses. if we do not close the short call the profits of short call will reduce and offset the loss recovery of short put. this just make the trade recovery faster. lets see if it gets filled😅The trade has moved down 1.5 standard deviation since entry. trade is in loss but still within our trade limits. we put a 0.05 GTC order on the short call leg to close the short call side. as we have taken most of the extrinsic value of the short call we will want to close that side. if IBIT rebounce there will be no friction for the short put to recover from losses. if we do not close the short call the profits of short call will reduce and offset the loss recovery of short put. this just make the trade recovery faster. lets see if it gets filled😅
after IBIT crashed last week, this week it went back into the range. Trade is back into profits 😏
The trade has moved down 1.5 standard deviation since entry. trade is in loss but still within our trade limits. we put a 0.05 GTC order on the short call leg to close the short call side. as we have taken most of the extrinsic value of the short call we will want to close that side. if IBIT rebounce there will be no friction for the short put to recover from losses. if we do not close the short call the profits of short call will reduce and offset the loss recovery of short put. this just make the trade recovery faster. lets see if it gets filled😅The trade has moved down 1.5 standard deviation since entry. trade is in loss but still within our trade limits. we put a 0.05 GTC order on the short call leg to close the short call side. as we have taken most of the extrinsic value of the short call we will want to close that side. if IBIT rebounce there will be no friction for the short put to recover from losses. if we do not close the short call the profits of short call will reduce and offset the loss recovery of short put. this just make the trade recovery faster. lets see if it gets filled😅