I ended up closing it for a full loss of $0.70 ...what I paid to get into it. I try to keep my stop losses similar to the credit I'm getting.
It bounced around and then the market popped up and I decide to take it off. So far, this has been the biggest loser.
I won't get into EEM again...for now. I am having success with WMT, QQQQ, and COP.
I'm still trying to get a feel for volatility and delta. I guess we can only do so much analysis though...cause they're gonna do what they're gonna do...gotta learn how to ride the wave and bail when we need to.
Carmelo
It bounced around and then the market popped up and I decide to take it off. So far, this has been the biggest loser.
I won't get into EEM again...for now. I am having success with WMT, QQQQ, and COP.
I'm still trying to get a feel for volatility and delta. I guess we can only do so much analysis though...cause they're gonna do what they're gonna do...gotta learn how to ride the wave and bail when we need to.
Carmelo
From: Tom Mosher <inertia.trader@
To: OptionClub@yahoogro
Sent: Fri, 29 May 2009 2:17 pm
Subject: Re: [TheOptionClub.
Carmelo,
Just curious...What did you end up doing on this trade?
Thanks,
Tom
Just curious...What did you end up doing on this trade?
Thanks,
Tom
On Fri, May 8, 2009 at 2:23 PM, cguy444 <carmelo5791@aol.com > wrote:
Iron Condor placed on 4-21
Jun 09
+17 put @ 0.13
-22 put @ 0.58
-32 call @ 0.50
+73 call @ 0.07
credit = 0.88
Today 5-8
+17 put @ 0.015
-22 put @ 0.11
-32 call @ 1.61
+73 call @ 0.225
currently at -1.48
Any suggestions to salvage this?
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