Monday, March 9, 2009

09/03 Double Diagonal Daily Update

Daily Update: Started the trade Today (See separate postings for trade plan and probabilities)


Contingent Orders: Have orders for my 1st line of defense, If I get down by about 10% I'll cut my deltas in 1/2. In the beginning of the trade the adjustment will be a bit sooner than the short strikes, but within the next week these levels will be just around the short strike.
Down-side adjustment:
Up-side adjustment:

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