Wednesday, April 29, 2009

4/29 MNX 45-Day Condor

This position is taking just about the same ammount of up-side pressure as the RUT condor, yet the P&L seems to be in much better shape. Today I was able to close the Short PUT contracts for 5c. I have a running order on the Long PUT contracts, who knows, if the market sells off I might be able to get a hit on it.

There is a good chance (over 70%) it will be fine Tomorrow.

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