Sunday, November 28, 2010

11/28 Game Plan

Here is my game plan for Tomorrow. My goal is to cut and roll and add another butterfly if we trade higher, if we go down what I'll do is simply cut some of the delta risk and get rid of the long call if we keep going lower.

Note: One thing I noticed is that at the current level there is not a whole lot of theta. We're trading in a very narrow range, so I'll wait for the market to show its hand, break the range and then I'll do what I need to get things rolling faster again.

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