On Friday I tried to get an quick fill for an SPX condor and didn’t get it oh well. I ran into a snag trying to get Margin Relief on my April OEX position – I was informed by Scott over at thinkorswim that the OEX is a PM settled option and they [...]
As my disclaimer states, I’m not a professional, I don’t render advice and anything I post here is for educational and personal purposes only!
With that said… This last week has been quite a roller coaster for the markets. A solid 2-day rally, followed by a mixed bag today. The yields on bonds are [...]
I decided that I’d do a quick check on the cash in my trading account today to see how I was doing for the year. So far, 2006 has been a nice year. All of my trades have been 100% profitable, and I’m moving forward nicely. As it stands today (with 2 [...]
Today I decided that it would be a good idea to get a quick $0.10 fill on my RUT position and exit early. I have been filled on a May RUT position to replace the April Trade.
April RUT Review
Sold April 2006 670/680 800/810 Iron Condor for Credit of $0.70
Wow! Today was just what I was looking for! The markets have been building up a head of steam and are really looking like they have a positive bias. After a week of solid gains, and 5 year highs across multiple indexes, my 30 point cushions were starting to look a little [...]
