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Monday, June 15, 2009
06/15 MDY 30-Day condor
I started bailing out of this trade Today, we're approaching too close to max loss and I don't want to overstay on expiration week. I removed almost all the PUT risk and am working on the CALL risk, this is what the profile looks like, the delta is -3, and the only short PUT contract I have is at 90 strike, so there is plenty of room on the down-side. The short CALL I have left is 110, a bit closer, but based on Today's break-down, I'd say it is getting safer by the day.
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