Tuesday, June 16, 2009
06/16 MNX Iron Butterfly *New*
Just started the position Today, this will be my second iron butterfly that I'm managing as per Dan Harvey's rule.
06/16 SPY Double Diagonal
Not much to say, except that the trade is bringing profits. I just hope we don't enter a down-spiral in the markets. If we do, I know where to adjust, but it is a lot easier if we don't :)
06/16 DIA Iron Butterfly
I exited the position Today, as we're in the expiration week I wasn't confortable with leaving the trade on, specially after it broke out Yesterday's low. I was up about 4 or 5%, but with commissions and slippage I ended up flat. That's the drawback of a smaller position, as you build adjustments, you end up paying a lot of commissions and taking no profits. Good lesson though, I'm a lot more confident and know what to avoid in the next butterfly.
Monday, June 15, 2009
06/15 RUT 30-Day Condor *new*
I started a new 30-Day condor Today, I'll manage it by cutting the position delta in 1/2 if we get to the adjustment levels as per the risk profile.
06/15 SPY Double Diagonal
Today's move put us right in the center of the double-diagonal. The volatility pop also helps the position, now let's hope SPY stays where it is for a few days so we can get maximum time decay.
Subscribe to:
Posts (Atom)
