Well well well, here we are at the time of the month where I typically put on an Iron Condor or two… Well – with the current market position, I’m just not all that comfy putting the whole condor on today. I’m not comfortable with the recent trends up, and don’t want to take [...]
I’m not going anywere for the month of October. My plan is to ride out each of the positions through expieration and allow them to expire worthless. There is really no reason to pay the commisions required to close out with a 25 plus point cushion. I’m very happy with the current [...]
This morning the Russell 2000 hit 760, about 30 points away from the short strike on our Bear Call Spread. I did a very quick analysis on the risks to the position and it’s about 4% risk that the Russell will close above 790.
Personally, I’m happy to absorb a 4% risk to the position, [...]
So far, so good. The markets have built up qute a head of steam over the past few weeks; however, all of the current positions seem to be in pretty darn good shape.
Overall, I’ve been very happy with the performance of the accounts this year, we are strongly in the black, and raking in [...]
