I like the Vega Neutral double diagonals better, only pumped a bit of vega on this one because I was expecting a down move with increase in volatility. Let's see how it goes.
Tuesday, May 12, 2009
05/12 DIA 40-Day Double Diagonal
DIA was the only index closing on the positive side Today. Markets were mixed, seems like waitting for new fresh data to come out. Let's see what Tomorrow will bring with Retail Sales. The double-Diagonal is slightly positive Today, Volatility has dropped 6%, not a big deal, but I bet this is keeping some profits from the trade.
I like the Vega Neutral double diagonals better, only pumped a bit of vega on this one because I was expecting a down move with increase in volatility. Let's see how it goes.
I like the Vega Neutral double diagonals better, only pumped a bit of vega on this one because I was expecting a down move with increase in volatility. Let's see how it goes.
05/12 RUT 50-Day Condor
The trade is in great shape. Notice the 1 st. deviation range for tomorrow on the profile chart, you'll notice most of the money will stay in the trade is we go either direction. RUT is sitting nicely right in the middle of the chart. Closed just shy of 7% on the trade Today.
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