121112 Weeklys Trade

Nov 12

7:30 am

No trade today.
Waiting until later in the week when I have more time to f0llow the trade closely.

Nov 13, 2012

8:33 am

Tried to get 60 cents for the ~10 delta iron condor. No fill.
Cancelled and traded the ~15 delta IC.

Premium $1.00
Qty: 9-lotsw
RUT = 788.89
RVX = 21.29
Delta: 14, 15

765/770P; 805/810C

Plan: Target profit 45 to 50 cents.

Nov 14

9:12 am
RUT = ~ 769

Have been bidding 40 to 50 cents for past 40 minutes.
Currently bidding 40 cents to exit

Market for IC is 0.15 to 0.57
Midpoint does not seem to matter. I could not buy at 45 cents.

Delta of shorts: 9 and 8. I know that suggests being patient, but I prefer to get out with a profit (4 consecutive losing trades does a lot to hurt a trader’s confidence).

9:57 am

paid 35 cents for put spread
then bought call spread at 15 cents

Feels good to be out.

2 Responses to “121112 Weeklys Trade”


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