Wednesday, February 16, 2011

2/16 Daily Summary

As we traded higher Today I used a vertical debit spread (in lieu of the long Call) to re-align my deltas. I've been back testing the debit spreads in lieu of long calls or puts and the results were good enough I started to incorporate it on my trade. The contingent order kicked in without an issue and filled at mark + 0.25 cents soon after it was triggered, so far so good.

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