NOTE: Compare this trade with the EWZ Double-Diagonal. Notice how much further EWZ moved in relationship to the volatility cone. That helps explain why I have a real good feeling regarding the Double Diagonal strategy.
Tuesday, May 5, 2009
05/05 OIH 30-Day Condor
Ouch!! OIH pushed higher Yesterday and hit my last line of defense on the trade. It pulled back down Today, but ended up moving higher again at the end of the day. At this point I need a pull back, otherwise will need to exit this one as well.
NOTE: Compare this trade with the EWZ Double-Diagonal. Notice how much further EWZ moved in relationship to the volatility cone. That helps explain why I have a real good feeling regarding the Double Diagonal strategy.
NOTE: Compare this trade with the EWZ Double-Diagonal. Notice how much further EWZ moved in relationship to the volatility cone. That helps explain why I have a real good feeling regarding the Double Diagonal strategy.
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