First trade of the year, volatility is up, markets are down. Going to keep things smaller this year, so I can modify everything freely, without worrying.
The details of this trade are as follows:
Volatility is up due to some Chinese market selling. Taking advantage of this. Position size is super small, so even if things go against me, I will be able to modify the position without having to worry about the enlarged position size.
Adjustment #1 – 01/15/2016
Markets have been falling, and in the risk off environment, ZN has been increasing. I added to my position, while rolling my legs up, to keep a delta neutral state. Had to give back a bit of the max profits.
Adjustment #2 – 02/04/2016
Closed the 125.5 pot for a penny.