Wednesday, March 11, 2009

11/03 RUT High Prob Condor - Daily Update

Daily Update: Not much to report, RUT didn't move much Today and we collected the extra theta and some vega due to volatility decrease.

Contingent Orders:
- Buy CALL spreads for .10c (GTC order)
- Buy PUT spreads for .10c (GTC order)
- Stop Loss @ or bellow 308, or @ or above 432 (Day Order)**** Increase Imp.Vol by +5% to estimate down-side, Decrease Imp.vol by -5% to estimate up-side
As you can see on the dashboard, the trade is starting to work itself back up in the P&L chart, also, Volatility spiked up all the way to +14% and now is back to 0.

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