hertz BCS problem fixed with net zero $ loss
history and sequence
- opened IC x370 10/29 +p750/-p800/-c1000/+c1050
- hertz drama started
- rolled 10/29 +p750/-p800 to +p800/-p850 (credit to maximize the winning side)
- rolled 10/29 -c1000/+c1050 to 11/5 -c1020/+c1070 (zero credit but strike improved)
- opened 10/29 -c1100/+c1150 (credit)
- start of day 2; decided to shut down and remove all 10/29
- rolled 10/29 +p800/-p850 to 11/5 (credit and 20% away)
- rolled 10/29 -c1100/+c1150 to 11/5 (credit and 10% away)
- opened more 11/5 +p800/-p850 (credit and 20% away)
- opened 11/5 -c1300/+c1350 (credit and 30% away)
- closed 11/5 -c1020/+c1070 (zero out)
notes
- everything is Market Order; now is not the time to be cheap
- this rescue is all hands on deck, with all positions helping out to prevent portfolio blowing up
- although there is no actual $$$ lost, the real loss is zero income for this week;
there's 3 days to catch up (or just do nothing while recovering from trauma )