The week looked good until last Thursday end of the trading. Markets were slightly up which was good for our options positions set to end this Friday. I had an Iron Condor against SPX set to expire today. It was 2105/2110 calls and 2030/2035 puts. Since the market ended at $2067.56, both legs of the Continue reading →
We had a bull put spread against SPX which today became worthless and we could close it early. The trade was originally remnants of an Iron Condor we put our on October 21, 2014. The trade didn’t go well originally as our call side 1955/1960 call spread was breached when markets continued their incredible recovery Continue reading →
Tomorrow is an expiration day for weekly options. We have a few trades which are set to expire tomorrow and most of them will do so. We had an Iron Condor against SPX, but our call side of the Condor got breached and we decided to move it away in time and converted it into Continue reading →
Wow, the market had the worst time ever. It looks like we are at the top of the trend and reversing. I do not remember seeing such swings of 300 points (Dow Jones) in just three days. At least for a few last years, this behavior didn’t happen. I watch weekly, daily, and intraday charts Continue reading →
Recent Comments