Blog dedicated to ETF and Index option trading strategies using credit spread and money management.
Friday, April 24, 2009
04/24 OIH 30-Day Condor
OIH pushed high Today, the position still in a decent shape considering we're hugging the up-side zone since the beginning. Now it is time to close th PUT spread and take our profits in a pull back.
I've added the profile for how the trade will look like closing the PUT spread and IF need to hedge just in the case OIH continues UP.
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ps: Thanks to my Lawyer friend and avid reader Chad for the disclaimer!
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