Wednesday, June 3, 2009

06/03 5-Day VIPES as of 06/02

06/03 SPY Double Diagonal

Entered this trade Today, it is Double Diagonal time, I plan on adding another one on DIA early next week.

06/03 DIA Iron Butterfly

Great recovery Today, I hope we have a few days without movement and the position will be golden!

06/03 SPY Calendar

Took profits out of the position Today. After it was all said and done I realized I forgot to consider the commission costs on my take profit order, so ended up taking less than 15%. One way or another, it is good to bring profits on another June position

06/03 MDY 30-Day Condor

Released a recovery plan for the position, see details on Today's posting. I decided to go with the Iron Butterfly, as it neutralizes any Vega risk.

06/03 RUT 30-Day Condor

Position still outside the cone, taking it day by day.

RUT 50-Day Condor

Today's retracement was a good thing. Still outside the 1 st. deviation volatility cone, however, the trade still has a lot of time to recover.