August 8, 2008This is a strange one due to the EEM split a couple of weeks ago. As mentioned in an earlier post I closed half the original position (at 130). Yesterday, I opened another calendar when it reached break even. I had a choice between the 41 strike and the 40 strike, and chose the 40. […]
Popularity: 14% [?]
Posted in Real Trades, Calendars, EEM 
1 Comment »
August 4, 2008Not much movement since the last post until today, and it was still a small movement overall. For my first adjustment of this cycle, I closed half of my EEM contracts as the position lost all its profit and seung to a loss. I had the thought of opening another calendar but didn’t at the end […]
Popularity: 37% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, EEM, RTH, IBM, NDX No Comments »
July 30, 2008Things are perfect for these positions on many levels… the portfolio is up a combined 6% now, with 16 days to go (hopefully I’ll be out within 8 though). A stray thought… I have “max loss” levels for individual trades, including that if the trade is up say 10%, I won’t let it turn into […]
Popularity: 38% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, EEM, RTH, IBM, NDX No Comments »
July 29, 2008First, plan on coming back here later this week - I plan to revamp my risk-greeks (specifically RRGamma, which doesn’t have a lot of value right now), plus write a little about some experiments I’ve done with Google Spreadsheets to analyze daily movements of the SPX and NDX based on thier IV each day, to see if […]
Popularity: 26% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, EEM, RTH, IBM No Comments »
July 25, 2008Only 21 days ntil expiration but there are still a couple of seemingly good deals out there. Spotted this one at the Insane Money Forums. IBM is in a fairly defined range lately, with little scheduled in the next few weeks news-wise that could shake it at first glance. The analysis holds up also:
Symbol
IBM
Current Price
128.53
Current […]
Popularity: 8% [?]
Posted in Real Trades, Calendars, IBM No Comments »
July 24, 2008This was opened Tuesday, and already needs a little recalculation, given that EEM split 3 for 1 this morning. So technically, the call is for a strike price of 43.33, and all of the breakevens listed below use the new numbers. As for the trade itself, IV is still low for EEM, the skew was […]
Popularity: 12% [?]
Posted in Real Trades, Calendars, EEM No Comments »
July 16, 2008… and I’ll take it, gladly.
Closed out the EEM calendar today, and the condors. Given how this market went, and the mistakes I made this cycle, I’m pretty happy with this small loss. I know if I had traded a little smarter, this month would actually be positive.
-2.4%, I’ll count that as a win.
Some key lessons […]
Popularity: 13% [?]
Posted in Real Trades, Mistakes, Iron Condors, Calendars 1 Comment »
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