"To interpret the risk graph, the dark blue line represents the potential profit or loss (pnl) of all the options within a specific group of options trades at expiration. The smaller curvy lines show where the profit and loss can fluctuate over time. With these setups, my goal is for the black dot to move either upward towards the dark blue line or toward the curvy lines. I aim to capture a small percentage of the potential profit or loss, exit the trade, and then enter into a new trade."
I have made some adjustments to the current portfolio to keep the deltas rather neutral. The PNL is down due to entering trades in a very low VIX, which means I have to wait longer for premium to come in. However, the portfolio is honestly in great shape. It's not easy seeing an account be held hostage by the VIX in an options account, but it's the environment we are in. Patience and keeping risk lower is the best trade one can do if you're an options seller in this environment.
I would normally add more trades, but because this is a new portfolio margin account, I have to maintain the account balance above certain thresholds. Otherwise, they will convert the account back to a REG-T account. To err on the side of caution and ensure safety, I want to generate more profits in the account to prevent this from happening.