I am leaving the remaining FEB contracts to expire and have started the MAR position. I’ve entered the trade Yesterday and there has been little change. I have not yet created my tracking and dashboard view, am a bit behind myself this week.
Wednesday, February 17, 2010
02/17 OEX Weekly Iron Condor
This was not a good week for me on the OEX Weekly Iron Condor. I got stopped out of my call spread this morning as the OEX traded around 506. In hindsight I believe my entry was a big part of this issue, as you see, I enter this position early in the morning, and when I got in, the OEX was trading below 500, then it proceed to rally through the day and got my trade in trouble right off the gate. I will reach out to fellow OEX weekly traders to find out if they had the same problem and if they enter at the end of the day to avoid such an issue. In my backtesting for this model all assumptions were based on a end of day entry, but in reality I’ve noticed little difference between the early morning prices and end of day, except for Yesterday. So I need to further research and evaluate the model I using for testing and live trading execution to make they as close to a match as possible.
Friday, February 12, 2010
02/12 Daily Summary
Ok, I must have Internet back! Please Comcast, stop being lame.. I’ve been trading out of the local Starbucks, and Today I had the “pleasure” of spending about 40 minutes listening to two guys yapping about useless stuff ... aaaargh Need some quiet please Back to trading, shutting down the Iron Butterflies, the OEX managed to make its Money this week, so getting ready to re-load next Tuesday. This is it for me, you all enjoy the weekend, I’ll catch up my new buddies Starbucks buddies...,,
02/12 MNX Iron Butterfly
Houston to MNX, Houston to MNX, you still there, over? Sir. We lost our crew.. Yeah, took a beating on this one, but part of the business, at the very least managed to keep under the max loss level. Next month begins.
02/12 NDX Iron Butterfly
Houston, prepare to touch down! We’re landing the craft without major damage, all pilots are still alive.
02/12 OEX Weekly Iron Condor
Another great week on the OEX Iron Condor. About 9% in one week of set it and forget it!
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