Thursday, August 6, 2009

08/06 Daily Summary

I really like having only a couple of positions to look after. I'm very likely to reduze the complexity of my option trading portfolio next month. Still something I'll reflect and decide over the weekend.

Today's retreat was once again welcome. Now we may be at a tipping point on the MNX, if we stay around these levels the position will be in great shape, otherwise I'll have to start managing the down-side. One way or another, the trade is still there, which is an attestment of its flexibility.

The IBM Calendar is working fine, it would be perfect if we hadn't triggered the 120 calendar, but it doesn't need to be perfect, as long as it makes some money, right?

Position's Details:
08/06 IBM Calendar
08/06 MNX Iron Butterfly


Robert said...

I'm intrigued by the various spreadsheet analyses you post on your blog. Are these part of a commercially available package or have you created them yourself?

Gustavo's Trades said...

These are simple spreadsheets I created by myself. Are you talking about the day-by-day graphs? If so, I can find some time to publish how I put them together.

Robert said...

Yes, I'd be very interested in learning about how you constructed the day-to-day graphs--especially the Volatility Cone and how it plays a role in your decision-making process.

Robert said...

Yes. I'd really appreciate a walk-through... how you put them together, and how you use them in your daily decision-making.

Gustavo's Trades said...

Ok, I'll take some time to go over the daily monitoring spreadsheet and the volatility cone.


Robert said...

Thanks for the review. I have a much better understanding of your daily monitoring system... and you've triggered some thoughts I now want to put into my personal position-tracking spreadsheet. Much appreciated. Best wishes.