Filled IWM May 2010 Iron Condor

April 1, 2010 by Ryan Barr

The first of many Condors in the Papermoney account has filled. This is an IWM Condor. The SPY order has yet to fill, quite frankly, I don’t expect it to fill at all, so I’ll investigate a few new positions next week.

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Can we get some wings in May?

March 31, 2010 by Ryan Barr

Now that I’ve finally gotten everything closed out, it’s time to get the Condors rolling. I’ve thrown two orders out into the papermoney portfolio for a 50 lot Iron Condors on the IWM(137.58 +0.09) and the SPY(241.76 +1.15).  The IWM Condor should get filled fairly quickly, however the SPY has been put in well above [...]

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Covered Calls and Short Puts work very well… If you manage them and pay attention!

March 22, 2010 by Ryan Barr

I’m a very busy person.  In my real accounts, I keep a very good eye on my money and have been generating handsome returns over the past few years.  Sadly, this hasn’t played out on the paper money account! Rather than play around with short calls and puts and all of that fun stuff on [...]

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Have we not learned our lessons in the past?

November 8, 2009 by Ryan Barr

Today I sent the following “Letter to the editor” to a few local papers, and a few national ones.  I don’t expect it to be published, but we have to do what we can. Last night, Saturday November 7th, the house of Representatives passed H.R. 3962, the Affordable Health Care for America Act. This has [...]

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Ebay, it was nice knowing you.

November 2, 2009 by Ryan Barr

Well, it looks like my stop on Ebay was tagged during the trading day today.  Ebay ended the day up, however during the day it dropped just far enough to tag the top and cause me to quickly exit the position. My short calls are November 25′s, EBay is trading at $22.38 and I’m fairly [...]

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Peggy Noonan: We’re Governed by Callous Children

October 30, 2009 by Ryan Barr

This article from Peggy Noonan at the WSJ is awesome.  A must read: The new economic statistics put growth at a healthy 3.5% for the third quarter. We should be dancing in the streets. No one is, because no one has any faith in these numbers. Waves of money are sloshing through the system, creating [...]

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Reality strikes after an inflated GDP report

October 30, 2009 by Ryan Barr

Yesterday we had the pleasure of enjoying a 200 point rally in the Dow driven by a headline GDP report of +3.5% in the third quarter.  The headline number looks great; however, when you pull back the covers it isn’t that pretty.  Today’s report of a .5% reduction in consumer spending for Sept further enforces [...]

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Run for the stops – and getting short

October 28, 2009 by Ryan Barr

Well, the new papermoney portfolio just took a swing through stop central and unloaded quite a few positions, and with some triggered orders I added a few more while I was at it.  Time will tell if the additions do anything good for the portfolio, however I’m getting the sinking feeling in my gut that [...]

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Papermoney – Stopped out of EJ

October 26, 2009 by Ryan Barr

A few weeks ago I decided to tweak the papermoney portfolio again.  Rather than going for a bunch of option plays on index products, I wanted to simulate some “money management” via positional plays on individual equities and managing risk via index option plays as needed.  The goal with the portfolio is to earn roughly [...]

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Kenneth R. Feinberg – Massive FAIL

October 23, 2009 by Ryan Barr

It’s not April 1st, so this can’t be a huge joke… Wow, incompetence at its best. After determining pay packages…. Via the NYTimes: “I wouldn’t begin to say how much money you should make on Wall Street,” Mr. Feinberg said in an interview last week, as he prepared to slash pay for the top 25 [...]

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