Happy Easter! There have been no updates as the market did nothing all week. There have been no adjustments but I’ll give you a rundown on where all the positions are. The April 55 day is still in poor condition. Currently the trade is down $1160 and is over capitalized but as of right now […]
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Trade Update 03/28/10
Hi All, Quick trade update. There have been no changes to the open trades since the last post. I entered the May 55 day butterfly last Thursday. I entered a 630/670/710 put butterfly for $9.30 and also added 3 – May 790 calls for 2 reasons, first is that I’m experimenting with hedging the upside […]
Note on market conditions and 3-23-10 Trade update
Right now the general conditions are not good for butterflies or condors. Due to the way the individual options are being priced, butterflies, especially on RUT, currently cost MUCH more than normal and the fills have been very poor especially when you need to adjust something. This is resulting in losses coming much faster than […]
March Trade Results
There were no changes in the April positions since the last update. March was a really tough month. What can I say, these months happen, the important thing is that we do not let these thing bother us and that we get right back in there for April. In short, the method 1 trade had […]
3-18-10 Trade Update
Here are the current positions with pictures: The April 55: I rolled the 620 and 640 butterflies to 670 since we are 28 days out. Also a 670 April call was added to help against continuing upside losses: April Method 1: The April Method 15: I’ll get the portfolio results posted shortly.
03-16-10 Trade Update
Just a real quick update. Expiration week this month has been absolutely nuts for me so sorry for the lack of pictures. I’ll do an update later in the week with pics. RUT was good to us Monday and the March 55 trade gained about $1500 and was up $300 by market close on Monday. […]