Tuesday, November 9, 2010

11/09 Daily Summary

Ok, needless to say my plan to condorize back-fired on me Today. I rolled the call side up and the market rolled over on its back and took some of my recovery back because of it. Now, on the bright side the call side is further out of the money and there is a lot of Theta going into these last few days of the week. I plan on keeping it steady for now unless we keep rolling down Tomorrow, at which point I may further adjust the down-side.

Sometimes it just happens that way, you have your plan, execute it, and the market does whatever it needs to do.. Part of the game I guess, it is time to condorize anyway, so I rather get hit by doing the right thing than get hit by not doing it and having the market fire up taking me out of the game.

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