Options Trading Diary

As of 07/01/08 Diary is now exclusively following the Iron Clad Options Network's (IcON) Trading Strategy. IcON trades exclusively in market neutral Iron Condors on the Russell 2000 Index (RUT). Strategy aims to return 5-12% on capital every 4-6 weeks. Accounting for 1 or 2 difficult months per year, strategy intends to return 50-80+% annually.

Tuesday, July 15, 2008

7/15 Mid-Day Update

Open top Bear Call Spread for RUT Iron Condors. Sell 710/700 spread for .35 or better. If spread begins to trade above .65, click up a strike to 710/720.

It's going to take a whole lotta good news to break these levels before friday and we can squeak out a couple % points.

posted by Jerome @ 11:27 AM

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