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.

Monday, July 14, 2008

Update 07/14

So we got pretty battered around today. RUT was down 1.5%, while DOW was down less than .5%. Were only 14.5 points away from crossing the line on our sold Puts, just a hair over a 2% move is going to drops into negative territory. This is one of those few unfortunate weeks where we're really going to have to keep our eye on the ticker.

Keep you e-mail alerts on, we'll give you the heads up on any necessary action. Meanwhile, get back to doing what you love, breath easy, these 4 days will soon be behind us and we'll be on to a new slate of trades.

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