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.

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.

05/11 DIA 41-Day Double Diagonal

DIA came back down, P&L back at B/E.

05/11 RUT 50-Day Condor

Real short post Today, RUT back around the 500 area. I anticipate it at around 480 if we break Last Friday's low. The position is doing really well.

MAY 09 Trades

I'll keep this post with a link to the full history of my MAY/09 Trades. It wasn't pretty, I learned a lot, but can't honestly say I enjoyed this too much. :)

1) RUT 50-Day Condor
2) MNX 45-Day Condor
3) EWZ Double Diagonal
4) OIH 30-Day Condor
5) SPEC XLF Broken-Wind Butterfly

XLE SPEC Bearish Broken Wing

I created a bearish trade Today, a Broken wing butterfly on XLF. I noticed a big reversal pattern at the top of this up-trend: We have a gap up with a dark cloud Cover, so I expect this to show some bearish movement and close bellow the current levels in the next few days.

There is no adjustment or anything, I want to experiment with this type of strategy. Notice I risk $47 to make $50+, with the potential to jackpot at $153.

DIA Price Study

Today I started a new trade, the DIA Double Diagonal. I placed this trade a bit bearish, given the market has been running up and I believe it is due to a pull back. I didn't want to go way too bearish on it, given the fact we're dealing with a decent up-trend. I also made it a bit vega positive, so if we do indeed go down it will help me as well.

Bellow are the VIPES, Deviation and Price Profiles: