Thursday, March 26, 2009

03/26 OIH Condor

Today the PUT side was closed for 80% of the original credit, not all I have left is the CALL side. I'm no longer adjusting the LP condors by closing spreads, it deteriorates the trade way too much. My next session with Dan will be to discus condors and their adjustments.

I'm leaning on the no-touch approach for HP and Insurance + Hedging for LP. Have been doing a lot of back-testing and the results are promissing.

For now, the OIH trade is still on the board and with good probabilities:
76% probability of expiring profitable
99% probability of staying through the weekend.

Bellow are profile and dashboard:


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