Lost a Bit Today, and Adding New Positions

PORTFOLIO GREEKS (SPX beta-weighted)

Before Re-balancing
Delta: 65
Gamma: -2
Theta: 84
Vega: 291
"Paper-folio" Value: $136,927

After Re-balancing
Delta: 17
Gamma: -5
Theta: 212
Vega: 54
Buying power: $79,053
"Paper-folio" Value: $136,777

The portfolio lost $497 today. No big deal--not too worried about it. Let's make some trades! I'm gonna kick up my theta today and get more delta-neutral in the process.

I'll re-balance my greeks a bit today (Again, using closing prices from today)

My re-balancing will be to get a bit more delta-neutral since I have a few too many positive deltas given the small amount of actual cash I've actually put to work.

The VIX spiked today so I'm interested in selling a little vol as I have lots of cash to still deploy still--thus I'll put on some more AUG Iron Condors (short put & call vertical). I'll also put on some calendars since vol is still statistically cheap on the 2-month time horizon so I don't mind buying some vol a few months out in the back-month option of my calendars.

In futures land, I'll have my usual stops above and below the market in order to catch a big breakout from these levels (At this point though, I'm a little more concerned with a sell off to "semi-test" the June lows--look at that engulfing bar today in the chart on the right...)