March 14, 2013 Trade Update

Happy Expiration Thursday!

I am glad to be done with March.

Here is the run down on what happened during the week and March results.

March V condor –
No adjustments this week.
Exited on Wednesday at $3,999 (no I just couldn’t hit 4K) profit for a return of 7.998% (can we call it 8%?) of planned capital.

March Bearish Butterfly-
March 12, sold all 10 940 butterflies.
Exited on Wednesday at $5985 profit of 11.97% of planned capital.

March M3-
No Adjustments.
Exited Wednesday for a loss of $298.75 or 0.59% planned capital.

March ROCK –
March 13, added 2 920/940 call verticals
March 14, added 2 940/950 call verticals and then gradually added 8 920/950 call verticals throughout the AM to deal with the up move. Then sold off 1 930 call butterfly prior to exiting early afternoon.
Exited Thursday afternoon for a profit of $7537 for a 12.5% return on planned capital.

As far as the April positions….

On the April Bearish Butterfly, the 920’s were rolled to 960. P/L -5670

The April M3 was entered.

On the April V condor, I rolled the 960 call back to 940. P/L = +1548

And I believe that is it.

I will provide a more detailed explanation over the weekend.

John