MamaCash 7:13 am on Thursday, January 10, 2019
Tags: Bitty ( 78 ), SPXstrategy ( 12 ), SPYcraft ( 95 )

SPX 7dte IC ladder strategy

Sold SPX Jan18 IC 2635/2640/2480/2475 CALL/PUT @1.30 x2

#spxstrategy
#bitty

Jeff 7:15 am on Thursday, January 10, 2019

New strategy? What are profit target and stop loss?
- MamaCash 7:45 am on Thursday, January 10, 2019
  
  More resurrecting old income strategies but using new tactics. My profit target is to expire worthless. No specific stop loss. I’m using multiple adjustment strategies depending on how hard the trade goes against me. Full breach of shorts? Ratio the trade by buying back half of the calls or puts. Moving against me but not full breach? Buy 40 to 60 delta call or put to neutralize overall trade delta. If near expiration on a breach (within hours), I’ll close the breached side of the IC for a loss.
  - Whitemare 12:04 pm on Thursday, January 10, 2019
    
    What constitutes the ladder part of it? are you adding more strikes later?
    - MamaCash 12:06 pm on Thursday, January 10, 2019
      
      Whenever a 7 or 8dte in SPX is available, I’ll add another IC. This means I’ll have up to 4 on at one time. I call that a ladder. You can also think of it as layers at different prices and expirations. The next one will be in the Jan22 expiration.
    - hcgdavis 1:57 pm on Thursday, January 10, 2019
      
      The #spycraft trades will be 3 weeks running as a ladder.

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