Earlier this week (on the 16th) I was filled on a May papermoney DIA(76.06 +0.00) trade. Here are the details:

• With the DIA(76.06 +0.00) at ~124.3
• Sold 100 DIA May 2008 133/135 112/110 Iron Condors @ $0.23
  • Credit $2,300
  • Commissions $(609.95)
  • Margin Hold $20,00

I’m pretty comfortable with this trade, even with the big pop in the DIA over the last few days. We’ll see how long the rally lasts, and if it can run up through the 133 level. I’m not to worried about it, but I’ll be keeping an eye on it. The papermoney account is doing quite nicely right now and I’d like to continue that growth.

Categories: Papermoney