We’re spinning around the top without any major direction. My feeling is that bears are starting to salivate over this type of action. Let’s see what happens next.
Wednesday, March 3, 2010
03/03 NDX Fast Butterfly
No major change, still slightly under-water on the position. I believe it has to do with the number of days to go, this week I started with the APR contracts and there is still 43 days to go, so time decay is not necessarily helping a lot here. I need to gather up more backtest data points to make any decent assumption here, but my feeling is that between 35 to 25 days is the sweet spot for this strategy.
03/03 OEX Weekly Iron Condor
Got only a couple more days to go, probabilities improved a bit again Today, trade is looking good.
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