Entries Categorized as 'Iron Condors'

Worst Financial Condition Since the Great Depression

Date September 16, 2008

.. at least that’s what the talking heads are saying. My account balance doesn’t agree
 My apologies for the lack of updates. As of this moment all of my open trades for September are closed, with the exception of a put wing on my SPY Condor (at 113-115). The volatility increase puped it up […]

Popularity: 27% [?]

Sep Position Updates - 2 Calendars, 2 Condors

Date September 4, 2008

After flirting with adjustments (and losses) the last couple of days, today’s downward move yielded some great returns for my positions.
A note on the graphs - I’ve decided to ampilfy the price movement, as on the scale price movement is hard to spot. I’m going to try amplifying it by a factor of 4.
Also, I […]

Popularity: 31% [?]

Adjustments on IBM, RUT, SPY - SPX below 1260?

Date September 4, 2008

First a note that nearly all of the tecnical analysis blogs I read (hat tip to Slope of Hope) say that when the SPX breaks/broke 1261, that puts are on the menu. Today it closed at 1236. Lots of pressure for further downward moves, which is fine by me right now.
A few adjustments the last few […]

Popularity: 31% [?]

Position Updates - 3 Calendars, 2 Condors

Date August 29, 2008

This should be a fun update I hope. Lots of analysis, and I hope the graphs go over well. All of my calendars are stalling right now, condors behaving as expected.
RUT Iron Condor - 650/660 puts, 780/790 Sep Calls  

RRDelta
-22%

RRGamma
-1%

RRVega
-10%

Delta/Theta = -4.13
1 Day 1 Std Dev Move (9.62 points)
I already rolled the call side down (and regretted it yesterday.) […]

Popularity: 35% [?]

Open - RUT Iron Condor - 650/660, 810/820, and SPY Iron Condor - 113/115, 136/138

Date August 26, 2008

I’ve been tardy on the blog, and in posting my trades so here they are all in the next few posts. I’m scaling back a little this month, trying to be smart after a couple of very meager months. 
I actually opened this trade on the 18th. It took me a little while to pull the […]

Popularity: 21% [?]

August Results - 3%

Date August 14, 2008

Over this week until this morning, I closed out the remainder of my trades.  The IBM double calendar is the only one closed for a profit - just over 10%.
I have to shake my head at the condors - the move last week (up 7%+ in 7 days) drove them into danger at the worst […]

Popularity: 21% [?]

Dan Sheridan on Iron Condors (with link)

Date August 12, 2008

I posted this a couple of weeks ago, but the video disappeared quickly. Looks like it is back now though. Go here, and choose “Dan Sheridan Archives.” It is listed with the date of 8/5/2008.
It is a very good webcast, and a mirror of a live seminar he taught earlier this year. Covers adjustments, and […]

Popularity: 26% [?]

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