Monday, February 14, 2011

2/14 Daily Summary

Today I started my MAR/11 position, don't have much to report, just that the contingent orders are in place. I'm looking to use Debit Spreads in addition to long calls or puts as part of my adjustments, the biggest benefit is the reduced theta hit the debit spreads provide, the drawback is their execution (remain to see how they trigger via contingent orders) and they're more expensive than the long calls or puts.

I have also started a deep practice process by back testing my trades during the down-time to review and make sure I'm watching the right factors when making the adjustments. Also to give me enough background into the best way to handle the positions when they get under fire.


Gene said...

Congrats on the new baby! Are you still in the bay area?

Gustavo's Trades said...

Thank you Gene! Baby Tiago came to this world on 02/02, he is a healthy and quiet baby boy! We are enjoying it quite a bit.

We're still in the Bay Area, though we moved North, to Marin County, we're living in Novato now.