I mentioned to a friend the other day that I only do three kinds of trades: Condors, Calendars, and Directional Credit Spreads, and that I have very specific, tested rules for each strategy. He told me that he couldn't tell that was the case by reading my blog, and that it seemed like I had a lot of random trades going on.
If the reader reviews anything I have posted they will see that it all fits into one of those categories, although I am well aware that perception can be reality. With that said, I am going to focus the rest of the option month (28 days remaining) on one specific Condor position. My last post included an update on the RUT Condor for the month, and I will update this specific trade throughout the month, starting with a more thorough update on where we have come so far.
WARNING: Boredom ahead! One thing to keep in mind is that Condor trading is extremely boring at times. Most of the time we sit there and wait for time to eat away at the premium we sold. Of course, that's perfectly okay with me, and an ideal approach for the typical working stiff.
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