Thursday, April 16, 2009

4/16 OIH 30-Day Condor

Bullish pressure on OIH Today, insurance is holding the position steady, nothing to be alarmed of as of yet. I have contingent orders to protect against some extreme event that pushes OIH beyond the short strikes in one day, this will trigger my stop, otherwise I'll plan on hedging if we drop 50% of my stop.

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04/16 EWZ Double Diagonal

EWZ pushed back up Today, yet P&L still doing better than before, these past few days of price indecision have helped.

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04/16 MNX 45-Day Condor

MNX seems to be holding gains better than RUT, maybe it is the fact that volatility is dropping more here. Yet, both positions are still bugging the up-side stop. Sooner or later the elephant will get tired and back off..

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4/16 RUT 52-Day Condor

RUT pushed back up Today, dropped P&L back down, still doing this dance, now around 475, up-side stop around the 485 zone (short Call delta at or above 31). No fill on the PUT spread for .10c.

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