Hi All, So much for the market going up. I made an adjustment to the May 55 position this AM when RUT started selling off just before 10. The adjustment was to close the position and start over. I closed the unbalanced condor I had and bought 3- 790/840/890 butterflies. The position shows down about […]
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“Success is a habit!” – Marshall Sylver
When most people think of habits, they think about things like biting nails and smoking but habits are much more than that. Habits are any series of patterns that we allow our minds to run, automatically, without having to think about it. In fact, anything we do or think that we do not have to […]
May 3, 2011 AM Trade Update
Hi All, It appears that I have been overly bullish with the markets as I was expecting RUT to hold the 855 support level – it did not. Since it did not I ended up making adjustments down on both of the May positions. As I’ve stated earlier, I am playing around with various adjustment […]
April 29, 2011 Trade Update
Hi All, RUT made an ALL TIME high close on Wednesday, a higher close on Thursday and fresh new highs today. Wow, talk about a bullish market! So how high is this thing going? I don’t know but RUT has been regularly making 40 -80 point moves and the current move is up about 45 […]
April 26, 2011 Trade Update
Hi All, I made adjustments to the May trades this morning. On the May 55 day trade, I rolled both 830 butterflies to 850. The position currently stands at 3 – 800/850/900 call butterflies and is shown below. On the May method 15, I rolled the 820 put butterfly to an 780/830/880 put butterfly. The […]
April 25, 2011 Trade Update AM
Hi All, Hope you had a great Easter! I entered the June 55 Day trade early this AM. I bought a 780/830/880 Put butterfly, position is shown below. Both May trades remain the same, below are pictures of how they are doing: May 55 is up about $720: The May m15 is down about $110: […]