May 16, 2011 AM Trade Update

Hi All,

Things have been rock’n and roll’n all weekend!… And they still are, so I need to make this quick.

I made one adjustment since the last update. On Friday morning I adjusted the Quasi May 55 day trade when the market hit the 840 short strike of the lower butterfly, according to the rules. Yes, went back to the rule set  for this one in order to save it… maybe.  I rolled the the 860 call butterflies back to 840 put butterflies. Basically, if the market makes or even looks like it is going to make a big move today, I’m out. Don’t know what the projected p/l is a TOS is having data problems and the analyze graph is whacky.

If anyone is interested I am guest presenter with Seth Freudberg of  SMB trading today. The webinar is open to the public. I will be going over my May 55 day trade that was “done by the rules” Link is below:

https://www3.gotomeeting.com/register/318813102

Hope you can make it!