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: 17% [?]
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: 18% [?]
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: 17% [?]
Posted in Real Trades, Iron Condors, Calendars, QQQQ, IWM, EEM No Comments »
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: 15% [?]
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: 13% [?]
Posted in Real Trades, Calendars, IWM No Comments »
June 24, 2008I opened this on the 12th after IV rose a bit (and actually before I closed my June condor), am happy with the fills. Currently up on this trade close to 5%. Opened for a total of .25 credit on 2 points of risk.
Here’s my worksheet… position greeks to follow in a later post.
Symbol
IWM
Current Price
71.59
Current […]
Popularity: 11% [?]
Posted in Real Trades, Iron Condors, IWM 1 Comment »
June 12, 2008Plan to see the Incredible Hulk nest weekend? Ed Norton should be a great Bill Bixby… anyway if you do plan to see it, you should know that if you buy a $50 gift card at Kmart, you get 2 tickets to the Hulk for free. That’s about $20 of tickets, and sounds like a […]
Popularity: 17% [?]
Posted in Real Trades, Iron Condors, IWM, EEM, CAT No Comments »
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