Tuesday, March 17, 2009

17/03 RUT High Prob - Daily Update

Daily Update: We had over 1 st. deviation up Today, the position is once again under water. At this point, I'm still with the plan and if it hits the stop then it is part of life. One way or another I'm re-thinking my approach to High Prob condors, right now I have Seth's no-touch approach on my paper account.

As per TOS, the probability of hitting my stop Tomorrow is less than 5%, so it gives me with 95% chances of staying up and alive one more day.

Contingent Orders:
- Buy CALL spreads for .10c (GTC order)
- Buy PUT spreads for .10c (GTC order)
- Stop Loss @ or bellow 295, or @ or above 424 (Day Order)**
** Increase Imp.Vol by +5% to estimate down-side, Decrease Imp.vol by -5% to estimate up-side






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