11/03 RUT High Prob Condor - Daily Update

Daily Update: I wish I could say, nothing happened Today. Not quite. We got the 2nd day of 2 st. deviations this week. I discussed the trade with mentors at Sheridan and they proposed hedging it around 405. I`ve looked at various scenarios including hedging.

My decision is to stick with the original plan. For better or worse, I`m going to stay still and not dive into cutting deltas right now. I`ll see where it closes on Friday and spend some time thinking it over during the weekend. the CALL-side stop loss is about 2.5 st. deviation from the current price, if RUT gets there Tomorrow, (Friday, wich is usually a slow day) I`m ordering a steroids test! :)

Contingent Orders:
- Buy CALL spreads for .10c (GTC order)
- Buy PUT spreads for .10c (GTC order)
- Stop Loss @ or bellow 310, or @ or above 422 (Day Order)**
** Increase Imp.Vol by +5% to estimate down-side, Decrease Imp.vol by -5% to estimate up-side

Here is the current profile and dashboard.

I made a mistake when adjusting during the down-swing, Cut too many PUT spreads and I miss them right about now. Lesson learned. Nevertheless, this trade has gone through some major one-day swings, see the deviation picture on the lower right corner, quite a ride.