Thread: Side Hustle
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Old 01-13-2021, 12:14 PM
  #634  
Gunfighter
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Joined APC: Apr 2007
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Originally Posted by Gunfighter View Post
I've been paper trading a 100k account on Think or Swim. The SPY & SPX Short Iron Condors got crushed this week. The short RMO double diagonal is holding up OK. I'm short FEB 15 put / 40 call and long May 12.5 put/ 45 call. On the plus side, my short FEB 230 Straddle on BRK/B is up $32.50. I started paper trading after Christmas and am down $2,792.50 overall. I'm keeping my day job a while longer.
After today's close, I'm up $2,500 overall, which is a swing of $5,000 from last week. That seems like a pretty wild swing for less than a week of activity in a 100K account. I thought I was playing fairly conservative with a few short SPY/SPX IC trades at 30/16 Delta with VIX >24 and 15/10 Delta trades when VIX was lower.

Is a 5% weekly swing normal for you option traders? Should I be trying something else to smooth out the swings?
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