February 15, 2011 Trade Update

Hi All,

I tried to exit both Feb trades yesterday morning but was not getting filled at decent prices; probably due to the up movement in the market. As an alternative, I rolled the 730 short to 740 on both Feb trades yesterday morning.  I’ll attempt to close the positions again today. Positions are shown below:

Feb 55:

Feb m15:

I adjusted up on the March 55 Yesterday as well. I sold the 770 butterfly and doubled size at 810 by purchasing 2 760/810/860 put butterflies.

The position is shown below:

Hopefully we can get out of the Feb trades today, if so I’ll post the profit numbers tonight, they should be pretty good.

That’s it for now!

John