January 3, 2011 Trade Update

Hi All,

The market is still being a pain (more the market makers than the market) but in general things are going well.

There have been no updates because nothing has changed till today. I only moved 2 of the 4 positions but will show them all as it has been over a week since the last update.

I jumped the gun and made an adjustment on the Jan 55 day tread today.  Hopefully it does not come back to bite me.

For the adjustment I rolled the 780 put butterfly to a 750/800/850 call butterfly. Current position is shown below;

The January Method 15 remains the same and is shown below:

The SPY trade was adjusted also, I purchased a 125/132/139 call butterfly.  The new position is shown below:

The Feb 55 remains the same as well and is below:

Well we had a break out today, we’ll need to see where the market wants to go from here. I’ll keep you up to date on any changes.

Happy Trading!