Thursday, May 7, 2009

DIA Price Study

Today I started a new trade, the DIA Double Diagonal. I placed this trade a bit bearish, given the market has been running up and I believe it is due to a pull back. I didn't want to go way too bearish on it, given the fact we're dealing with a decent up-trend. I also made it a bit vega positive, so if we do indeed go down it will help me as well.

Bellow are the VIPES, Deviation and Price Profiles:

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