Tuesday, March 17, 2009

17/03 GLD Calendar - Daily Update

I entered the GLD calendar Today. I didn`t get filled Yesterday, got it Today. Bellow is the trading plan, chart and risk profile. As of now, my goal is to get in and get out, but if I need to adjust I`ll add to it and turn into a double-diagonal.

I wondered why I got filled so quickly, the mark was at 1.5, I offered 1.53 and got in. See the chart and you`ll notice I was down by the end of the day. Bad fill happens.

Contingent Orders (for end-of day):
a) Sell Calendar for 1.78 GTC (15% profit)
1) GLD on or above 93: Add 95 CALL calendar (Day order to trigger at 12:30 PST)
2) GLD on or bellow 85: Add 84 PUT Calendar (Day order to trigger at 12:30 PST)






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