August 6, 2008In this for 14 days…. closed the RTH put condor for a credit of 4.3, after opening it for a debit of 3.8, for a 13% profit.
I actually closed it with an even number of contracts, leaving me with some extra puts at the 85 strike. They’ll probably expire worthless but if RTH should fall this […]
Popularity: 14% [?]
Posted in Real Trades, Iron Condors, RTH 
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: 29% [?]
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: 31% [?]
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: 24% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, EEM, RTH, IBM No Comments »
July 25, 2008Things shook out with a little bump in IV over the last couple of days to give me a bread-and-butter condor that makes me comfortable. Small credit, but a 10%+ drop will need to happen to kill this one. I know there have been a few 10% mves in the last 2 months, just banking […]
Popularity: 14% [?]
Posted in Real Trades, Iron Condors, QQQQ No Comments »
July 24, 2008RTH has been good to me lately on the calendar side of the house, giving up a couple of 20%+ months in a row. However, RTH is one of the few symbols where IV is actually near the top end of the IV scale. Sticking to what should work theoretically, I chose to open a […]
Popularity: 11% [?]
Posted in Real Trades, Iron Condors, RTH No Comments »
July 17, 2008A very good webcast on on the CBOE site by Dan Sheridan that covers rules for opening iron condors in different IV environments, plus a few options on how to adjust. (If that link doesn’t take you right to the video, choose the “Dan Sheridan Archives” on the left column.) It looks like the same set of slides […]
Popularity: 23% [?]
Posted in Trading Rules, Iron Condors 4 Comments »
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