We're down 1.5 standard deviations as of 10:00 AM EST, should we keep pushing down I have added contingent orders to cut the deltas in 1/2. On the bright side, we're at a great level for theta and this will get the benefit of a long weekend.
Thursday, July 2, 2009
07/02 Mid-day update
The markets are selling off this morning, the contingent orders were executed and I've sold all my long AUG calls on both the SPX and RUT Iron Butterflies and am ready to further control the deltas if we keep moving down.
We're down 1.5 standard deviations as of 10:00 AM EST, should we keep pushing down I have added contingent orders to cut the deltas in 1/2. On the bright side, we're at a great level for theta and this will get the benefit of a long weekend.
We're down 1.5 standard deviations as of 10:00 AM EST, should we keep pushing down I have added contingent orders to cut the deltas in 1/2. On the bright side, we're at a great level for theta and this will get the benefit of a long weekend.
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