Entry

• Risk factors:
  • Rapid swings that make it hard to capitalize on selling when in profit

Rationale

Market was moving and I thought that it was behaving rangy over the last 3 trading days.

Logs

Trades

Exit

The exit trade

Execution Review

Really bad entry. This made it hard to stomach any indecision in the price movement.

Lessons Learned

• Do not open a straddle in the morning. The contract prices for the calls the morning I bought were crazy high and decayed greatly.
• The straddle trade works best when a major move looks very very imminent, and the move has to be fast. Can't sit around on slow steady climbs.