Monday, March 9, 2009

09/03 RUT High Prob Iron Condor

Position update: No major change Today. Down 7%

Adjustments from original position: I closed the 1st set of CALL spreads when they reached .13c. My next step was to re-enter the CALL side with 1/2 the numbers of my original position. I also closed 2 PUT spreads as the RUT started breaching my Volatility Cone (see picture).


Next adjustments: No new adjustment planned I'll let the trade breathe. Have my stops placed at 1.5 x my cashflow as you can see the stops are quite far from the price. Bellow is the risk chart.

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