Sunday, March 22, 2009

03/22 XLE Double Diagonal - Daily Update

Not much to report, price right at the center of risk profile. Just looking out at adjustment levels

Probabilities of Success:
1) 97% of being adjustment free Tomorrow
2) 47% probability of expiring profitable
3) 69% historical prob. of staying between B/E by Friday before expiration

Contingent Orders
1) Buy 2x 41/38 PUT vertical if XLE at or bellow 40.30
2) Buy 2x 44/48 CALL vertical if XLE at or above 46.70



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