This trade on OIH hit the skids, I wasn't able to close it with my contingent orders, as OIH gapped up and I ended up giving up more profits than planned.
Started 04/15/09
Finished 05/06/09
Duration: About 20 Days
ROI: -24%
04/16/09
04/23/09
04/24/09
04/27/09
04/28/09 ("OIH reached 50% of target profit Today...")
04/29/09 ("Today OIH contracts got changed due to a dividends distribution. I'm not sure how this affect my position in terms of liquidity on the new contracts")
04/30/09 (Closed PUT spread)
05/01/09
05/04/09 (Hedged with Long CALL)
05/05/09 ("Ouch!! OIH pushed higher Yesterday and hit my last line of defense on the trade...")
05/06/09 ("Closed the OIH Condor as it gapped through my stop big time during Today's opening")
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