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.

Thursday, July 17, 2008

7/17 Update

Alright, we're gonna play with fire. RUT closed day at 696 and we're short the 700 Calls. If we traded out today, we'd of had to pay anywhere from 1.50-2.00 per spread. If market opens under 700, where in full profit. If it opens up to 702, we're in same spot we would have been closing out today.

Google earnings missed expectations after close today, so hopefully that will put damper on markets open tomorrow.

Either way, it's never dull.

posted by Jerome @ 4:12 PM

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