Position Geeks are -20.58, -13.67, 0.98, -10.46

Today the position Geeks are

IWM -5.10, -16.77, 6.52 -10.20 ( D, G, T, and V)

and the current month deltas are

IWM 45 P is -0.02 in a safe distance.

So do nothing.

IWM Posion delta = 15.61

Gamma = -21.95

Theta = 8.70

Vega = -10.40

The short posiotion is 45 July PUT whose delta is -0.05

Yesterday entered the short vertical Aug 42/40 Put.

Favable conditions are

%R is rising , had a green chute in the lower band.

My IWM position data is

Delta = 36.95

Gamma = -29.53

Theta = 9.45

Vega = -7.86

My near month ( July 7 days to go) short put has 16 delta. I am watching it to be closer to 30 to close the position.

My near month ( july) short call is already closed.

My position now is

July 43/45 Put 61 Long call

Aug 57/59 Call

IWM still does not have any green shoots. It is getting good support near lower band but the williams is pointing down. So not good entry point again.

Today my IWM position Geeks are

delta=22.78, Gamma=-24.48, Theta=9.01, Vega=-8.76

Here I need more -ve delta to make it delta neutral.

So I need to sell some Call verticals.

But when i checked the chart, it was near the lower band, had a long tail yesterday shows some support and the williams%R is turning upwards, a sign of over sold.

All these points to upward price movement, but overall market is bearish sentiment.

So i am going to wait for a breakout in any direction to make a move.

Looks like a good put spread time. Looked at 43/41 for 0.31 for Aug.

But i have to wait for today for a green chute or williams below 80.

Analysys

IWM is in upswing from 3/10 , as per my trading strategy march 11th is oppertunity to enter a bullish put spread.
On 3/19 the red candle is bearish sign, but the top of the candle is above previous day.
But on 3/20 the red candle clearly showed the downward pressure.
A good entry point for bearish call spread.
But next trading day 3/23 it went past 3/20 high...
clearly a false signal.

My IC and Vertical Trading Plan

Stratagy is to sell verticals on IWM ( for now) on both sides and form IC.

• Sell verticals Criteria

For bearish call spread , the IWM should be

• crossing downwards OverBought region of WilliamPercentR (10,-20,80)
• Should have a red candle in the top.
• near the top band of Accelaration Bands (20)
• exhibiting resistance in that area.

For Bullish put spread ,

• crossing upwards OverSold region of WilliamPercentR (10,-20,80)
• Should have a Green candle in the bottom.
• near the bottom band of Accelaration Bands (20)
• exhibiting support in that area.

Entry points

• Short side of the verticals with delta of <>
• Width of 2 ( for IWM)
• Credit of > 0.20
• 5 contracts at a time
• Or 20% of the portfolio
• 4 entries Max.
• With time of 30 days.

Exit Points

• Short side delta is > 0.30
• Buy the short side only.?