Thursday, July 23, 2009

07/23 RUT 30-Day Iron Condor

OUCH!! What else can I say?! We moved up and volatility stayed up. This is like a double hit on the Iron Condor, in normal circumstances the VOLS tend to drop the next day, Tomorrow being a Friday will help.

My main concern is that I'm just a few points away from my first hedging level, and with this current volatility, I may pay too much for SEP contracts, but I have to do what I have to do, there is no fooling around with an Iron Condor, if you don't manage, it will take your money in a hurry!

Position's History:

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