Wednesday, March 9, 2011

3/9 Daily Summary

No major change Today, except I had to update my trading plan as if we trade lower Tomorrow I will need to add a stronger put to compensate for the delta and Theta, this makes me tweak the adjustment on the second level down (do a strangle instead of selling the long Call) because of margin in one of my accounts. Other than that, one more day moving along well. Today's volatility went higher after the close, this kept Today's profits at bay, let's see what Tomorrow brings.


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