Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Friday, April 24, 2009
04/24 EWZ Double Diagonal
OK, I regret not closing down the position once its P&L went back down from 8%. Now it is too late to cry over spilled milk, so let's manage it! The probabilities are not so hot, given we still have the adjustment card to play, things can get fixed if we continue up.
Bellow are the current scenario, as well as an updated historical probability chart and risk profile if we hit the 45.30 adjustment level.
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ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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