Monday, March 30, 2009

03/30 45-day Condor Candidates

As per my plan, I'd like to add a 45-day condor to my portfolio, right now I'm going trhough VIPES, the following candidates are showing up on my radar screen:

TLT: Looks good and there is a possible MAY condor, not quite yielding 10% ROI, not an option

USO: Another good candidate for MAY condor, only drawback is that USO has been on a long down-trend

MNX: VIPES is not as good as the others, the attractive factor here is the $2.5 strikes, meaning less commissions and slightly better ROI.

IBM: Looks good, except the Condor would have to be a bit bearish, adding risk to the trade on the up-side

Next step is selecting the best trade based on historical probabilities, ROI, the works..

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