Friday, April 9, 2010

04/09 Morning Assessment: Sideways (Up tone)

As I checked the market this morning, it seemed to me we’re “rotating at the top”, without a lot of certainty of strength either direction. Except that we were leaning positive, so we may move up on lack of bearish interest. With that I rolled one of my short 2000 call on the monthly Iron Butterfly, condorized the last weekly butterfly and closed the other one.

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