Thank you for the update.
May I ask, how did you get $56.25 for Dec 31 Sell Put 4585 (with underlying 4719).
Tastyworks only offer $29 right now (underlying 4720.5)
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That's just me being lazy. I place limit orders most of the time. The sell order got filled at 4:00 am EST on the 23rd as per the transaction detail from Tastyworks below. At that specific time the MES was at 4694.
When I update the trades on the table, I don't scroll through the chart to get the exact point in time. I just take the price from the daily bar.
I can probably remove that column with the underlying price anyway. Initially I was planning to plot it on the chart but then it makes it too busy to read.
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It's not pretty! But can't stop posting just because it's in a loss.
This strategy WILL have large drawdowns in extreme downturns. Although this was expected, it's still painful to see the big swing in the P/L chart. Anyway, will have to shoulder on to see where this is going.
As mentioned before, this should not be the only strategy and definitely not traded at max account size. I think about 2% of account makes sense, but I would rather have more data (at least 1 year) before making a final call.
Because price has moved so quickly down, I managed to get 1 extra short call transaction in last week.
The overall breakeven MES price for the strategy since Sep 2021, is about 4504 (current loss of $665 / $5 per point + current price of 4371). Excluding the current short call premium.
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