11/03 XLE Double Diagonal - Daily Update

Daily Update: Not much movement on XLE Today, Volatility came down a bit, but didn't hurt the position because I set it up to be as vega-neutral as possible.

I just realized that my adjustments are comming in earlier than the 10% I have in my trading plan. My thinking is that if I get to an ajustment point this week, it means something is out of wack with the trade, so I'll come in sooner instead of waitting to be down 10%. I'll check this with my mentors at Sheridan Mentoring. For now I'll live it like that, simply because if I hit an adjustment this week, it means XLE is on a move of well over 1 st. deviation on the volatility cone.

Contingent Orders:
- Up-side adjustment: Buy 3x APR Vertical 44/48 CALL spread if XLE on or above 44 (Day order)
- Down-side adjustment: Buy 3x APR Vertical 33/28 PUT spread if XLE or or bellow 33.50 (Day order)
Note that XLE's implied volatility has dropped by 10% since I put the trade, being vega neutral is helping me out right now.

11/03 RUT High Prob Condor - Daily Update

Daily Update: Not much to report, RUT didn't move much Today and we collected the extra theta and some vega due to volatility decrease.

Contingent Orders:
- Buy CALL spreads for .10c (GTC order)
- Buy PUT spreads for .10c (GTC order)
- Stop Loss @ or bellow 308, or @ or above 432 (Day Order)**** Increase Imp.Vol by +5% to estimate down-side, Decrease Imp.vol by -5% to estimate up-side
As you can see on the dashboard, the trade is starting to work itself back up in the P&L chart, also, Volatility spiked up all the way to +14% and now is back to 0.