Adjustment to SPY Iron Condor

SPX Monthly Iron Condor

SPX went through 1100 today triggering an upside adjustment. I bought the 1110/1125/1140 butterfly to roll up my calls 15 points. New risk graph is below. Profit went from +6% yesterday to -1% today with the move up.

FDO PCCRC

FDO was up 29 cents today and the position shows a 2% loss with the drop in volatility. Notice how the entire risk graph has moved down from yesterday's graph. No changes contemplated until near expiration.

OEX Weekly Iron Condor

OEX was up to 507.57 today causing the position to show a 7% loss. My adjustment point is at 515 so this one could be in danger tomorrow if we have another big up day. I am also looking at opening a 2 day iron condor on the weekly OEX options on Thursday.

AAPL PCCRC

Despite the overall rally in the market AAPL was only up $1.13 and the position now has a 3% loss with the falling IV. Again no adjustments to PCCRCs until near expiration.

CREE PCCRC

This is the only position that made money today with CREE rising near the short 60 strike to 59.23. Profit is now at 9%. Will close if it reaches 20%.