We're in Mid July and it is time to look ahead and start executing the AUG/09 Trades. I have decided to stop trading the 50-Day Iron Condors, mainly because they take a lot of time to mature and I like to have adjustment options if things get hairy, thus far I have not been able to really protect myself on these Iron Condors, so I'll be keeping them on the bench.
So, I'm left with Double Diagonals, 30-Day Iron Condor, Iron Butterfly and Calendars. This month I want to start trading the IBM double/triple Calendar as explained by Himanshu, one of Dan Sheridan's students. Here is my capital allocation plan and time-line.
