Sunday, March 22, 2009

03/22 OIH Condor - Daily Update

I'm considering re-opening the CALL spread on OIH. The trade as stands has no up-side risk, yet the profit potential is very small. I'll evaluate the possibilities Tomorrow morning with fresh market data to look at.

Probabilities of success:
1) 99.99% of being adjustment free Tomorrow
2) 74% probability of expiring profitable
3) 925 historical probability of staying between b/e strikes by Friday before expiration

Contingent Orders:
Close 1x PUT spread if OIH at or bellow 63.29



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