January 13, 2011 Trade Update

Hi All,

I rolled the 800/850 call spreads back on the January Method 15 by purchasing  2x 800/810/850/860 condors yesterday. This position is now a 2x 740/790/ 810/860 call condors.

I sold 1 of the 6 740/790/ 810/860 call condors on the January 55 day trade this morning to reduce margin and then rolled the remaining 800/850 call spreads back by purchasing  5x 800/810/850/860 condors. This position is now a 5x 740/790/ 810/860 call condors.

I bought another 125/132/139 call butterfly on the Jan SPY trade yesterday as well. This position is now a 3x 118/125/132/139 condors.

The Feb 55 is unchanged.

At this point, I’m just looking for a reason to pull the Jan trades and will do so if the market acts up. I will likely close the positions late today or tomorrow anyway but may not post it right away as I’ll be short on time today.

Jan Positions are shown below:

Jan 55:

Jan m15:

Jan SPY:

Ok, That is it for now.

Happy Trading!