Wednesday, March 18, 2009

18/03 OIH Condor - Daily Update

No much to report, the insurance is keeping the P&L flat while OIH moves up.

Probability of Success:
99% probability it will be adjustment-free Tomorrow.
90% historical probability it will be between break even by Friday before expiration
76.9% implied probability it will expire between break-even, paying out full ammount

Contingent orders:
a) Close CALL spreads for .09c (GTC)
b) Close PUT spreads for .09c (GTC)
1) Close 1x PUT spread if at or bellow 60
2) Close 1x CALL spread if at or above 85.10


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