NDX Condor 3-25

With the NDX barely moving today, not much has changed.  Deltas are reasonably flat and we are well centered.  As mentioned yesterday, we are at the end of adjustments.  If the position gets threatened again with a need for adjustment, we will just take it off, lick our wounds and come back next month.  For now we will hope for calmness.

On another note, take a look at the RVX.  Volatility continues to stay in the middle of the range.  It covered a pretty big area today, but ended nearly unchanged. 

And here's another trade idea.  I'm thinking about this one (not recommending it of course).  OIH has been channeling perfectly in the range between $66 and $88-ish.  I'm considering a bearish spread with a stop just above the $88 level.   

I've done this twice the past couple of months and it worked out well both times.  Right now I don't like the looks of the vertical spread, but I will play with some other ideas tonight and see what happens.  Just an idea...

Good Trading...