AAPL put ratio ladder, week 3 (1×2 credit ratios, 30 delta/25 delta, with a BWB hedge to extend downside)
Week 1: CLOSED
Aug 21 345/340 sold 6.70, bought 2.32
Wish I hadn’t closed this, the breakeven was super far away…should have let more juice drain off until 20 DTE
Week 2:
Aug 28 372.5/365 sold 7.12, put fly hedge 350/340/335 .90
Breakeven $340
Week 3–the Sep 4 expiration just opened today
Sep 4 360/355 sold 6.05, put fly hedge bought 345/335/330 for .93
Breakeven: $335
Options Bistro 