As for the rest of the RUT trade, today I got filled on the call side so we now have a nicely balanced condor. And as you can see, things are well-centered. I'm looking forward to a three-day weekend of Theta.
Good Trading...
Wednesday, April 8, 2009
RUT Condor 4-8
As predicted yesterday, we got a small bounce today; but more important was the continued drift downward in implied volatility. The RVX is still nicely in it's multi-month channel, and is now in the bottom third. I REALLY wanted to get a couple of calendars on when IV was lower, so I had some orders in for today. Unfortunately I didn't get filled at my chosen price. I'll try again tomorrow and see what happens. Since I can't sit and observe the trades during the day I rely on forecasting the right prices and trying to get filled favorably on a limit order. It might be easier tomorrow since the volatility is closer to where I want it. In other words, prices are okay about where they are now.
As for the rest of the RUT trade, today I got filled on the call side so we now have a nicely balanced condor. And as you can see, things are well-centered. I'm looking forward to a three-day weekend of Theta.
Good Trading...
As for the rest of the RUT trade, today I got filled on the call side so we now have a nicely balanced condor. And as you can see, things are well-centered. I'm looking forward to a three-day weekend of Theta.
Good Trading...
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