Monday, July 20, 2009

07/20 Daily Summary

The market's upside movement kept on pressuring my current trades. I expect a pull back, but can't be sure of it, so I'm not going bearish and am placing contingent orders on the MNX iron butterfly to cut the deltas if we approach the B/E level.

Tomorrow I plan on enter a RUT 30-Day condor. I'm not so excited about launching a position at the high area of the range, but then again, the market may keep on pushing higher. One way or another, Tomorrow is 30 days till expiration and here I come.

Position's details:
MNX Iron Butterfly
SPY Double Diagonal
MNX Iron Butterfly Backtesting

No comments: