I haven't posted all of my RUT condor trades for MAR expiration, so I thought this would be a good time to do a quick catch up. So far, here is what I have on.
1/28/09 SOLD 570/560 call spread @ .65
1/30/09 SOLD 330/320 put spread@ .70
2/2/09 SOLD 320/310 put spread@ .57
2/5/09 SOLD 550/540 call spread@ .60
Both of the call spreads have hit the profit points of .15 and were bought back, so I am now just sitting on the put side. I don't really like having this bullish position right now, but I am reluctant to sell more call spreads until we have a little snap back. Will it come on expiration Friday? Maybe... we'll wait and see. Meanwhile, the short put has only an 8 Delta, which is well in my comfort zone.
Good Trading...
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