120904 Weeklys Trade

Sep 4, 2012

Assuming an unchanged opening, the RUT choice is between the 19-delta iron condor and the ~13 delta iron condor. I think I will let the prices dictate the choices, unless the opening delta changes by enough to give me a different choice.

8:34 am; RUT = 812; RVX = 22.84

Collected $1.20 for a 10-lot:

RUT 790/795P; 825/830C (put is 16 delta; call 19)

2:00 pm;

Very disappointed to see RUT rally so strongly (821.46) when the rest of the market is flat.
No action taken.

Sep 5

3:14 pm. Bought put spread at 5 cents.
RUT = 821

Sep 6

7:31 am. Things are not looking good for this trade. Futures are higher.

8:37 am I did something less than efficient. I tried to cover at a good price, when I could have just bought the spread right at the opening. I intended to exit, but played with the order. I began with a bid of $2.00 and finally paid $3.10. RUT was 8.28 at the time.

12 Responses to “120904 Weeklys Trade”

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