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 […]
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Posted in Real Trades, Mistakes, Iron Condors, Calendars 
1 Comment »
June 5, 2008Lesson learned on this one - I waited too late to adjust, as EEM gapped down yesterday. EEM was on the edge of my adjustment point on and off for a couple of weeks (my adjustment point should have been about 148). It had dropped to about 146 by the time I pulled the trigger. […]
Popularity: 11% [?]
Posted in Real Trades, Mistakes, Calendars, EEM No Comments »
May 30, 2008This one was coming… closed on Wednesday for a loss of 25% exactly (.33 credit vs .44 debit.) Could have been worse! Mistakes I made on this trade…
Did not “scout out” my future adjustments, and when I needed to I saw a discrepency in strikes available month to month that made me feel uneasy (see […]
Popularity: 13% [?]
Posted in Real Trades, Mistakes, Calendars, MSFT No Comments »
May 22, 2008These are in additon to the CAT calendar in the last post. Overall, movement has hurt my calendars, but due to the warm and comfortable magic of diversification, gains in my condors have offset those losses, and I’m very much in position to have a great month, possibly in the double digits.
EEM Calendar - 150/160 Jun/Sep
RRDelta
14%
RRGamma
-2%
RRVega
15%
Delta/Theta […]
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Posted in Real Trades, Mistakes, Iron Condors, Calendars, IWM, SPX, EEM, RTH, MSFT No Comments »
March 31, 2008Wow… guess there is a big lesson learned here, like know your underlying intimately before trying a trade. I thought it was a good idea anwyay…
So, my double calendar, with, calendar at 70 and 75… imagine my surprise when I check MO this morning and see that the price is a grand total of $20/share. […]
Popularity: 11% [?]
Posted in Real Trades, Mistakes, Calendars, MO 1 Comment »
March 24, 2008This is actually a follow up from an earlier article on the RUT and RLS I wrote. Be sure to read it if you wonder why things get screwy on expiration day.
In short, most open-cry options (RUT, SPX, NDX, and others) close trading on the day before expiration day (that is, Thursday, 4:30 most months.) […]
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Posted in Mistakes, Trading Rules, RUT No Comments »
March 24, 2008Today was not a good day for my account value, although things still seem very safe. My QQQQ condor and SPY condor are still very, very safe and should be 100% profitable.
The IWM condor, however, took it on the chin today thanks to the rally. I had already adjusted the call side of this trade […]
Popularity: 17% [?]
Posted in Real Trades, Mistakes, Iron Condors, IWM 1 Comment »
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