This trade was fairly uneventfull. I exited once I had reached 15 days on the trade, when it started to lose profits I got on my way to the exit. In hindsight, it would be more profitable a few days later, but then again, it could as easily be going the other way.
Start: 06/03/09
Finish: 06/23/09
Duration: 20 days
Results: +4.79%
06/03/09
06/04/09
06/05/09
06/08/09
06/09/09 - "Today I allocated the remaining capital planned for Double Diagonals. I decided to add to the SPY position to keep my portfolio simple enough. "
06/11/09
06/12/09 - " The main thing to notice is that the Volatility has dropped by 12% on this trade, I'm checking the middle of the graph at expiration to see if the P/L there has collapsed or not, so far it is very good, only dropped by about 2%.."
06/15/09
06/16/09
06/17/09
06/18/09 "I took the finger off the trigger on the trade Today. I was itching to exit this position. Given the weekend is just around the corner, and we find ourselves in the middle of the graph, I'll let it ride and look at it again Monday."
06/19/09
06/22/09 - "This is the 3rd week on the trade, and the question I ask myself is: do I want to stay here? We're approaching the level where the adjustment point is no more than 1 st. deviation in the volatility cone, from that point on, adjusting is simply part of the expected law of probabilities."
06/23/09 - "We had this trade for over 15 trading sessions, the profit got up to 8% and when it started to drop back down I decided to close it."
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