Wednesday, April 15, 2009

04/15 OIH 30-Day Condor (NEW)

Entered the 30-day condor on the OIH Today, I have decided to simplify the management strategy, so for now, my only adjustment is hedging the position to cut its delta in half if and only if it hits 50% of the max loss. Otherwise, I'll just close the spreads when they reach 80% of the profit potential.

Notice I performed a price study on several candidates earlier on the week. I have posted both the price study and possible trades on Monday.

Bellow are trading plan, price profile and price chart:

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