[Attachment(s) from Ricky Jimenez included below]
To continue the saga of my paper trading of this methodology for AAPL,
GOOG, IBM, IWM, RIMM, when IWM went tnrough my call short strike, 65,
today, I completed a "free" call butterfly and turned the put spread
into a ratio. If IWM passes 66, I will see if I can finance
extending the fly to a condor by selling the 63 put. Comments are
welcone.
Here are the details:
Original Position, 2/22 IWM between 63 and 64, 26 reverse ICs at $.75
db.
-62p + 63p +64c - 65c (.90,1.25, .94, .54)
3/3 IWM pierces 65, -62p -65c +66c (.27, 1.22, .71) for .76 cr.
Total position: -2*62p +63p +64c -2*65c +66c
Graph attached.
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Attachment(s) from Ricky Jimenez
1 of 1 Photo(s)
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