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.

Saturday, July 19, 2008

July Performance Results

Closed 2nd month of new RUT Iron Condor Strategy:

June +8.94%
July +11.42%

Opened RUT Aug 760/750 Bear Call Spreads today at .95, looking forward to another profitable month. We'll track volatility over next two weeks to ease into our spreads. This Call Spread is still trading at good target price, if RUT moves above 710, we'll want to click up a strike pair. Will notify regarding our Puts later.

Good weekend.

posted by Jerome @ 12:20 AM

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