Tuesday, March 10, 2009

NDX Condor 3-10

Wow! What a day.   A monster up day for all the indices and most stocks.  The NDX gained over 6%... a monster increase.  As for our condor we are still in good shape.

The Delta on the short 1275 is just over 10, so we're still quite a distance from having to adjust.  My best estimate is that if would have to move about another 45 points or so before we have to adjust.  We'll see if that happens, although I wouldn't rule it out based on the big move today.
Good Trading...

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