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Update on my First ever /MES hedge trade

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@chinito
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Hello there fellow hivers, :)

For the past 13 months I've been trading stocks. Mostly I trade 0dte (0 days till expiration) SPX (S&P 500) and have recently started to trade on /MES (which is futures mini S&P 500). I also trade crypto, but this is my first time trading a longer term (21dte) /MES with a possible hedge. (hedge just means take the opposite trade, in order to manage losses)

It's good to try and time a good entry, when price is bouncing, but the strategy works with or without the timing since a hedge will be opened if needed. The real reward from the trade comes in the form of credit that you (I) get from selling the option, in this case it is a naked put that expires 20 days from now.

This is the naked put on MES that I sold.

(the credit I'll win is the last amount. the small ones before it are the broker and exchange fees)

Here's my working hedge order..

Here's a screenshot of my trading platform..

as you can see, the trade is in profit now and hopefully it rises even more, or stays at it's current price. Either way is good as I get to keep the credit I already got when selling the put as long as the price ends higher than my strike price.

(by the way, my broker is Think Or Swim, tos for short. actually my broker is TD Ameritrade and TOS is just the platform they use for trading option and futures. All these pics are just snaps of that platform.)