12.18.2023
3rd trade of 2024 executed today. This trade is the 3rd element deployed in a campaign of 5 max positions for ESM2024 expiration cycle (JUNE 2024). Once 5 elements are in flight, the trade gets managed as a campaign structure.
Trade entry at 151 DTE.
Trade construct is a PDS (put debit spread) at Delta 25 combined with a PCS (put credit spread) at Delta 13.
Element #2 (ID: 2024 - 002) will be sacrificed as the black swan hedge with GTC order placed to cover one of the short strikes (if necessary).
Happy Trading All!
-kevin