Wednesday, March 22, 2006
Trades
Today was a crappy day for me. 3 times I tried to buy the pullbacks and I got stopped all three times... only to have the market run straight up from there! Figures!
Option trades today
Sold April 1200 and bot June 1075. The trades were almost a wash. The June will take longer to decay but the April will decay very fast. Then when the April expire worthless then I will sell some May against the June and when June rolls around I will sell another June against the June! The last month will be a straight credit spread but the other months will be diagonals.
Trader X
Option trades today
Sold April 1200 and bot June 1075. The trades were almost a wash. The June will take longer to decay but the April will decay very fast. Then when the April expire worthless then I will sell some May against the June and when June rolls around I will sell another June against the June! The last month will be a straight credit spread but the other months will be diagonals.
Trader X
