Hi All, Sorry for the short update, been a busy weekend. Entered the July 55 day on Friday as scheduled. Was able to do 50 point wings with the higher IV. The strikes were 580/630/680. Only other adjustment was that I rolled back the June method 1 from 660/680/700 to 640/660/680. Otherwise all is the […]
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5-21-10 comment
On Wed, on the 55 day trade, I rolled the 710 butter to 690. The other trades, as of right now have not been touched. The 55 day is at break even this AM and the other trades are up a few hundred $. If we do not get some sort of a bounce today, […]
5-19-10 Trade Update
Yesterday was an interesting day. I was closely watching the gap up in the morning as a continuation to the up side would have hurt the May trades. The market reversed though and as the trades went past the peaks of their T+0 lines, I closed them because we were so close to expiration. The […]
5-17-10 AM Trade Update
Good Monday Morning! The positions have not been touched since the last update. The May positions are in the home stretch. Currently they are still negative by a little but if today is flat, It is possible we could be up money by the end of the day. The June position is up about $120 […]
5-14-10 AM trade update
The RUT is keeping us entertained as usual. I’m still in all of the positions, all the May positions are still down between 600 and 800 each. If RUT will back off another 10 or so and settle down till Tue the positions could even be at a profit. The June position is flat. The […]
05-09-10 Trade Update
I had a death in the family and funeral over the weekend, therefore have not had time to put together a “proper” trade update.. Basically, I am still in all the positions and no adjustments have been made since Thursday AM. I have personal trade rules that act like a circuit breaker in this situation […]