Wednesday, December 30, 2009

12/30 Daily Summary

Nothing major happened in the markets Today, we're still rotating around the top levels on most major indexes. My best guess is that everyone is waitting for next week in order to make a decision once the bulk of the market participants come back from the Holidays.

I've decided to close the RUT position Today after studying different alternatives with a decision making tool. I didn't touch the MNX position, but will continue to roll the short 180 calls if we keep pushing up Tomorrow, even if on low volume I simply can't take on too much risk going into next week.

Position's Details and Price Action chart
12/30 MNX Iron Butterfly
12/30 RUT Iron Condor

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