Wednesday, April 8, 2009

04/08 Portfolio Update

I apologize I need to make a short post Today. The market seems to have stabilized a bit and that is helping the portfolio.

OIH was closed out Today, the only thing remaining are the long insurance contracts, they were worthless so I decided to leave them there with an order to sell if OIH goes crazy in the next few days.

RUT and MNX condors are doing fine, RUT doing better yet MNX is being helped by the decrease in volatility.

XLE Double diagonal is on its way out. I'll have to decide if I take it off the table Tomorrow or if I let it run over the long weekend. Need to think about that one.

EWZ recovered from the first shot up, even though there is still an up-side bias, as of Today the trade is very close to B/E, so that's a nice and fast recovery from where it was a few days back.

Here are the dashboard and profiles for every position:
EWZ Double Diagonal
MNX 45-Day Condor

OIH 36-Day Condor

XLE Double Diagonal

RUT 52-Day Condor