July 11, 2008At least the indexes have taken a breather from falling. I still wouldn’t bet that this is a bottom, but thank goodness that at least the bulls have decided to slug it out with the bears right here, even if that means that every day is up and down unusually big. (both QQQQ and IWM […]
Popularity: 19% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, IWM, EEM 
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July 1, 2008I mentioned yesterday that the last few minutes of the session dropped the IWM calendar below my adjustment point. Overnight, after briefly rising, futures dropped like a rock, and when the market opened, that calendar was at max loss. Something just didn’t seem right though and I waited for some sort of turnaround… it came […]
Popularity: 16% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, IWM, EEM No Comments »
June 30, 2008My open positions… Overall, down after today’s action, solely due to the IWM calendar. EEM was nicely up, and the SPX and Dow were flat, but all the losses went into IWM and the Nasdaq, which constitute the bulk of my positions. On one hand I’m a little upset, but on th other that’show the […]
Popularity: 15% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, IWM, EEM No Comments »
June 25, 2008This is not an ideal setup, but still good probabilities. I just wish they were a little better, but I feel that way about every trade. EEM has dropped like a rock, over 10% recently, but IV is still actually low, so the sentiment is that this is nothing to panic about - a correction […]
Popularity: 5% [?]
Posted in Real Trades, Calendars, EEM 1 Comment »
June 24, 2008My open positions… Overall, actually up 1%, despite the drop today, which hurt my calendar.
I’ll be opening up more positions tomorrow.
IWM Calendar - 72 July/Aug
RRDelta
22%
RRGamma
-13%
RRVega
18%
Delta/Theta = 4.4
1 Day 1 Std Dev Move (.93 points)
Wow, down 4.5% already… and looking a little ill. Still a solid trade, willing to adjust at a moment’s notice.
IWM Iron Condor - July 61/63 Puts, […]
Popularity: 11% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, IWM No Comments »
June 24, 2008To steal a phrase from OptionPundit, I’m opening a “mini-portfolio” on IWM - after the Iron Condor a couple of posts ago, it will be calendar here. Normally I’d prefer another underlying, but IWM is actually one of the only things I could find where the IV was still low, and the skew was not out […]
Popularity: 9% [?]
Posted in Real Trades, Calendars, IWM No Comments »
June 18, 2008These are not the best rules in the rules, and are getting tweaked constantly (especially defense). I’m going to split these into the three phases of the trade and the way I view them. Offense, Defense, and Endgame.
Offense
Offense is identifying an opportunity and opening a trade. The main purpose of these rules are to open a […]
Popularity: 10% [?]
Posted in Trading Rules, Calendars 1 Comment »
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