Tuesday, December 22, 2009

12/22 Daily Summary

Today's upside continuation places the RUT condor in a rough spot, it is starting down the slipery slope and although not exactly 0.5 st. deviation, Today's spike on the 5-day price chart is close enough to 0.5 that raises a flag to me. A pull back is needed in order for the position to stay.

The MNX Iron Butterfly had a couple of rough days as well, but was able to keep most of its profits, now I will start doing vertical rolls if we keep pushing to the up-side.

Position's Details and Price action chart:
12/22 MNX Iron Butterfly
12/22 RUT Iron Condor

12/22 MNX Iron Butterfly

12/22 RUT Iron Condor