Thursday, September 30, 2010

09/30 Daily Summary

Looks like Market makers finally came to their good sense in pricing these option contracts, all of a sudden the volatility dropped as I was expecting it to do, since we’re approaching the last two weeks of the OCT cycle. I’ve started looking at my condorizing options, and it seems that if we don’t move much Tomorrow I’m better off not touching the trade and waiting a few extra days next week to condorize the position and protect my short strikes. If everything goes well and NDX stays quiet for Friday and Monday I should be in a very good position to reach my goal early next week.

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