Thursday, June 25, 2009

JUL RUT 30-Day Iron Condor (day-by-day review)

I exited the trade with just under 10% in 10 days! Whenever I get profits quickly like that, I take my gift and head to the exit. Thank you uncle Russell! :)

Start: 06/15/09
Finish: 06/25/09
Duration: 10 days
Results: +9.49%


06/15/09 - Started the trade, spent about 20% of credit to purchase PUT and CALL insurance
06/16/09
06/17/09
06/18/09
06/19/09
06/22/09 - Closed 1 CALL spread and the CALL insurance
06/23/09 - "RUT took a hit on P&L, We need it to move back up for a recovery. I have contingent orders to cut the deltas if we reach the 480 level"
06/24/09 - "RUT gave the position a break Today. The volatility drop also helped to bring profits back up."
06/25/09 - Saw just over 10% in my monitor spreadsheet, proceeded to exit the trade.

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