Thursday, June 26, 2008

Update on positions

USO Iron Condors
     Short Jul85 Puts, Long Jul81 Puts, entered for .35 credit, now trading at .10 for a .25 gain
     Short Jul118 Calls, Long Jul122 Calls, entered for .25 credit, now trading at .65 for a .40 loss

     Short Jul91 Puts, Long Jul87 Puts, entered for .35 credit, now trading at .18 for a .17 gain
     Short Jul133 Calls, Long Jul137 Calls, entered for .23 credit, now trading at .08 for a .15 gain

IWM Put Credit Spread
     Short Jul68 Puts, Long Jul65 Puts, entered for .23 credit, now trading for .47 for a .24 loss

AAPL Iron Condor
     Short Jul145 Puts, Long Jul135 Puts, entered for .82 credit, now trading for .19 for a .63 gain
     Short Jul210 Calls, Long Jul220 Calls, entered for .41 credit, now trading for .24 for a .17 gain

POT Iron Condor
     Short Jul180 Puts, Long Jul170 Puts, entered for .33 credit, now trading for .50 for a .17 loss
     Short Jul280 Calls, Long Jul290 Calls, entered for .58 credit, now trading for .20 for a .38 gain

So far, I am -1.58% for the month (July expiration trades) because USO threatened the Call side of one of my Iron Condors and IWM threatened my IWM Put Credit Spread.  I had to take defensive action in both cases.  In a later post I will cover how I defend a trade when it goes against me. 

Posted by Big R at 06:15:25
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